But in your case, since that is also one of the higher balance loans, I might instead choose to focus on the lowest balance first, that being the 4.5% at $375K.

Conventional loan.

30 year fixed loan on a 10 percent conventional loan.

Just curious if anyone has successfully closed on 2 or more properties at once that are not owned by the same seller using a single blanket loan/portfolio loan?

DSCR loans won't use your income to underwrite the loan.

Is this feasible if the initial purchase require a loan?

What if you bought the second property with a loan such that it was also cashflow-neutral?

Honestly, their loan programs are too good to be true!

For example, Mike has a house he wants to sell and he has a $150,000 loan on it.

I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.