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Updated over 2 years ago on . Most recent reply

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Cade Antonucci
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Looking at purchasing a portfolio of 17 units

Cade Antonucci
Posted

I am currently analyzing the purchase of 17 units from another real estate investor. Looking over the numbers, everything makes sense and I would like to go forward looking for financing. This would be the first time I would purchase multiple units at one time, Before I only have purchased single family homes one at a time. What kind of financing should I be looking into? What kind of down payment will i be looking at? What do I need to show as far as income and debt to equity ratio? I would appreciate any help this forum can offer! 

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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
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Erik Estrada
#3 Mortgage Brokers & Lenders Contributor
  • Lender
Replied

Might want to look into portfolio financing or a blanket loan. As long as each property debt covers you will qualify. Typical downpayment required is 25%. No DTI required.

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