Updated over 6 years ago on . Most recent reply
A Blanket Mortgage for Newbie Investors?
My husband and I are total investing newbies. We'd like to dive right in and take over a few properties.
We've found a "portfolio" of properties that looks good. The owner is selling several duplexes, in the Midwest, all on the same block...they basically make up the entire block.
They're in a nice area and seem in good shape.
If the inspections and such pan out, we're thinking of buying all of them; but we'd like to have a 5% down payment on all of them.
Is 5% down possible with a Blanket Mortgage?
Any advice is really appreciated. We're both very new to this, and we're trying to research.