Hello bigger pocket family ,
My name is tanisha and I'm new to this site and still New to investing , i have a a couple of rental properties under my belt but this next deal i was thinking of buying a bundle deal of single family homes at once from a seller that is offering 1-5 SFR or 1-3 SFR all at once for a good number i was wondering were there financing out there for multiple SFR under one mortgage and what are some stipulations , pro and cons about this
Try for a portfolio loan with a smaller credit union in your area. We have had them do bundle loans before. Pros: you can get them all under one loan. Cons: if you try to sell one of them, the bank may want to better their position on the loan and not give you as much cash. They did that to us once. Terms and stipulations vary widely from bank to bank.
We like this option for our business. It is not for everyone but worth looking into.
Thanks for that info i appreciate it