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Updated almost 9 years ago on .

User Stats

80
Posts
14
Votes
Rickey Wallace
  • Lancaster, PA
14
Votes |
80
Posts

Multiple SFR under one listing

Rickey Wallace
  • Lancaster, PA
Posted
My gf was looking through some listings last night n stumbled across a listing that caught her attention. Simply put, an investor had several SFRs listed under one large price tag (about 12), detailing each separate lot on the listing, each property strewn about in various locations in my city My questions: how would the financing work if purchase all together? I'm assuming that these properties were bought at various times, which would make for all separate titles so ¿would I have to purchase them through several different title transactions? Since its one deal, would a bank take on like 12 mortgages (w/ or w/o Fannie/Freddy)? Would one residential mortgage b able to blanket all of the properties? If not, would it have to b under a commercial loan to satisfy the mortgage?