Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

79
Posts
28
Votes
Blake Woodham
  • Investor
  • Fort Walton Beach, FL
28
Votes |
79
Posts

4 Properties in 1 loan-- Is it possible?

Blake Woodham
  • Investor
  • Fort Walton Beach, FL
Posted

Hello BP nation, 

I am analyzing multifamily properties for my upcoming move back to Florida. I have found a solid property in a peculiar situation that I would like to get some feedback on. 

There are 4 town homes up for short sale on the MLS. They are each individually listed with the same owner. $59K each and currently rented at $750, so they will cash flow nicely upon initial valuation. The building is a MF but each unit is broken out into individual parcels.

Can I get a conventional loan to purchase all four parcels at once, or will I have to get individual loans on each unit? 

If can make it work, the game plan is to live in one of the units and rent out the other three. 

Any feedback or words of wisdom are greatly appreciated! 

Thanks

Loading replies...