Multiple Single Family Homes Package Deal

[John Varner]

I have seen these listings for 6-12 units where the seller wants to sell at one price and "WILL NOT DIVIDE!" I see one that I might be interested in, but I have no idea how a deal could be structured that wasn't 100% cash. Deal is for 9 houses at $390k. I think that's high, and worth bargaining, but even still, the houses range from$45k-$70K each on Zillow. Some are nice. A couple are crap, but rented. Units all rented at $5870/m. Looks like a good cash flowing deal, but is there even a way to get a loan on a package of homes with say $80k to $100k down? And assuming I would like to do a modified BRRRR strategy, how could one refinance one at a time without having to refinance all of them? Has anyone done one of these package deals before for anything other than 100% cash?

[Josh Weber]

@John Varner First, if those numbers are accurate, that's a solid looking deal - congratulations. Next, your best bet on a SFR package is with a local bank as opposed to one of the larger national ones. I can refer you to a guy that I was actually referred to me for SFR packages in OKC, though I haven't found the right deal to use him, yet.

Finally, piecemeal refinancing is something you can do, again, with the right bank. I haven't done it personally, but I know plenty of people who have, at least here in Philadelphia.