Financing multple houses in one loan?
I was approached by another investor who is in over his head and wants to unload 7 rental properties with an asking price of 298K (negotiable) – breaks down to around 40K/ house.
Are their any lenders who would lend on a portfolio instead of each individual house? I have traditional sources of financing like bank and hard money but ideally I would like to get them financed, rehab them, then refinance them with my bank like I do all my other properties.