Funding a package deal flip

[Kyle Poirier]

Hi all, I'm putting together a package of single families designated for flipping. 4 total, some vacant, even one waterfront on a pond. All different owners, in the same town, fantastic neighborhoods with plenty of value to be added. There's been a lot of local growth and improvement in these neighborhoods and if i could get these on the market and sold to the new owners before Christmas, I know there's a lot of meat on the bone. The town these are in, falls under the USDA 0% down mortgage program(resell purposes obviously). my question would be: How would I approach lender(s) with a package of properties i dont have an owning interest in yet? Am I going about this all wrong by trying to package them? Would it be more practical to pursue funding for each individual property? Anything regarding financing something like this would be a great help. Thanks in advance, Kyle

[Michael Cohen]

If your goal is to buy and hold to build cash flow from rentals, doing a portfolio loan, or package deal as you call it, it would be fine. If this is a flip, we are each property will be sold separately to homebuyers, you absolutely do not want to package them together.