Transaction to purchase Rental Portfolio

[Alan Kahanu]

Hi Gang,

I've worked the numbers to purchase a package of 5-10 SFH's and they are great, but need guidance on what strategies would work best in conducting such a transaction. I've purchased individual rentals in the past, all via conventional mortgages and 20-25% down. To purchase this package, is there a way to package this deal where a bank would finance this as a residential loan and include all closing/escrow fees together, or would this be considered a commercial loan requiring going thru a commercial lender or hard money lender? I can't foresee going thru 5-10 individual transactions at the same time, submitting EM, signing docs, appraisals, inspections, insurance, title etc....unless that's the only route. Thanks