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Updated over 6 years ago,

User Stats

3
Posts
1
Votes
John Varner
  • Oklahoma City, OK
1
Votes |
3
Posts

Multiple Single Family Homes Package Deal

John Varner
  • Oklahoma City, OK
Posted

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?

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