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Updated about 5 years ago on . Most recent reply

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Adonis Hayes
  • Memphis, TN
2
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Financing multiple properties

Adonis Hayes
  • Memphis, TN
Posted

Hello Bigger Pocket Members. I am looking into buying a small portfolio (3 properties) from a local investor for $80k. I have a $20k credit line. This is my first time potentially buying multiple properties at once. Any financial recommendations you have for this deal?

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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
1,161
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Nate Sanow
  • I​nvestor & Agent
  • Tulsa, OK
Replied

@Adonis Hayes

Unless I missed something I don’t see why you couldn’t get a portfolio loan. And I know lenders that are flexible on minimum amounts - but in my market sorry. I would think if you call enough lenders eventually one might take interest.

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