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.
Financing - Posted by Why not
Posted by Why not on July 06, 2003 at 19:29:34:
How
to finance ? The situation landlord moving on to another
Business the Landlord has 100 single family units all in the
same town NC.He is willing to shed all propertys to one buyer…whats the best approach ? commercial loan ?any ideas? ps the lions share of the houses already have tenents in them . Thanks one and all !
Re: Financing - Posted by Randy
Posted by Randy on July 07, 2003 at 14:45:45:
What do you want out of the deal? Are you looking to become a landlord for 100 properties? Buy and flip to tenants (existing or new) sell some, keep some? I agree with Brent_IL financing 100 SFR is a huge undertaking that will require considerable work and resources.