I am looking to purchase 3 multi family properties from a seller liquidating some of theri portfolio. One is 75 rented and fully rehabbed, one is 50 rented and 50 in need of rehab, and one is in need of a full gut rehab. Total of 13 doors. I will be purchasing through an LLC and securing bank financing under the BRRRR strategy. I wll be funding the rehab though HM or private money. Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans?
Should be able to do all three ask your bank
I believe you can put this under one commercial loan. Best of luck sounds like a great opportunity.
If you are gonna hold them long term then get one loan. If you are going to fix and flip then they need to be seperate.
Tag me if you have any questions.
Thanks for your help guys...