Funding 5 houses on 4 separate tax parcels

Funding 5 houses on 4 separate tax parcels

Investor · NE PA, N. NJ · Member since 2020 · 30 posts · 8 votes

Hello,

I am looking at purchasing 5 houses (currently long term renters) and turning them into STR's.

They are all deeded separately and 2 of the houses are on the same deed.

Is a portfolio/blanket loan required? Or would a commercial loan work even though it is a group of individual homes. Any advice is greatly appreciated. 

If anyone has any recommendations for lenders I am in the Adirondack region by Lake George! 


Thank you for reading.

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  • Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    4y

    Either you’re getting 4 separate loans (could be conventional), or one Blanket loan.

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