Blanket Mortgages
Does anyone have a contact for blanket mortgages? This would be for a purchase. The current owner has no debt against the homes. There are about 16 of them and the value is around $320,000-$350,000. The income is approximately $11,000/mo.
Also, assuming you do have a lender, are they going to require an appraisal or will they value it off of the income?
Your help is greatly appreciated.