New floor structure, new layout, new HVAC, updated electricity, new roof, new window package, new water heater… pretty much the works.

@Greg Moran Hey Greg, all 3 are owned by one owner and he/she is looking to sell as a package.

One of the packages they are offering me is two properties (5 unit and 4 unit) for 1 million dollars total.

Now we looking to go into commercial properties or buy a package of homes leveraging a loan.I like to get details on the loans avail from members here.I can give you example what we currently looking into and our situation.Credit score 680-720Cash in Hand: 60k+Own 2 LLC with multiple producing properties in each.We are looking at this 20 unit building in Detroit.

Found this interesting:by Don Konipol, MBAFor investors considering investing in non-performing notes (NPNs), a.k.a. non-performing loans (NPLs), that are residential and owner-occupied, here is how a typical situation plays out.A bank, bank holding company or asset management and disposition company puts together a package of, say, 1,000 NPNs and asks for bids.

I might have a couple contact for you, I'm connected with other wholesalers in different markets and just picked up a package of 5 SFRs myself to wholesale.

However, the individual is refusing to do so because he would have to provide his ss number to the bond company and is not willing to have a family member get the note from his home.Both agents have basically told us that we are S.O.L. and are at his discretion for when he chooses to return and we can then close.

I am looking to do my first package deal of 4 properties. 3 properties have paying tenants and 1 property the seller have their property manager living in the home rent free.

Looking for some guidance on which U.S. state to obtain my real estate license in, in order to provide "packaged deals" to investors.

Once you have done that, then determine the going cap rate for the type of property you have determined is a needed resource.Once all that is done, sit down with your banker and find out what type of financing package would be available to construct the asset you have determined is the best fit for your spot.