Posted by Brent_IL on July 06, 2003 at 21:00:45:
100 SFH is a lot of houses to finance in one bunch. Anyone that has 100 SFH rentals knows this.
If you are unsure of your ability to acquire the money, one approach is to use a rolling option. Ask him if he’ll let you do five at a time. Agree on terms of purchase. If you perform on those within the agreed time frame, you get a shot at the next five. Maybe the seller will allow you to sell off a few houses to collect the equivalent of a down payment. It is essential that you negotiate for enough time to pull this off. Don’t agree to impossible timeframes just to get a deal that you are predestined to lose because things take a little longer than you optimistically hoped for.