Ask Marco - Financing for a Portfolio Purchase | PREI 291

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 16 September 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question comes from Daniel who is asking about options on how to finance a portfolio purchase. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you
0:05.0	learn how to build substantial passive income while creating wealth for the long term.
0:09.0	And now here's your host, Marco Santorelli.
0:13.0	Welcome to passive real estate investing
0:15.2	and another episode of Ask Marco,
0:17.4	where I answer your investing questions.
0:19.8	Today's question comes from Daniel.
0:22.0	He says, hey Marco, I've been considering purchasing a small
0:25.6	portfolio of rent-ready properties from another investor, either through a wholesaler or agent,
0:32.1	because as a package they can be purchased at a discount.
0:35.0	This is true, sometimes, not always.
0:38.0	He goes on to say he's looking to purchase three to five single family homes
0:42.0	each with ARVs or what is known as
0:44.9	after repair values between $75,000 to $125,000. Okay those are interesting
0:52.2	numbers those are pretty good I have a pretty good idea of where you're buying those. So what you're not telling me here is whether you were buying and fixing them or if they are being purchased as rent ready properties right out of the gate and you have
1:05.5	tenants in place and they are probably under management.
1:09.1	Regardless, your question is, is what would be my options to finance such a deal? Okay so in
1:14.7	summary you're basically buying a small portfolio of rent-ready properties. You're
1:19.0	looking at three to five in one
1:24.4	loan so you're looking for financing
1:26.4	whether from a lender or from the seller
1:29.7	to purchase this portfolio. Well, your options. Here's your options. Number one,
	...

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