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Blanket mortgage for 5 condos in Florida. How can it work for me? Options?
I want to create an investment portfolio with 3-5 condos in central Florida, all to be rental units. Would a blanket mortgage be the right way to go? If not, what are my options in terms of financing a 30yr mortgage for them? Can I purchase 3-5 from different locations in the city? Would 25% down, good credit score, 1st and secondary active businesses making producing enough income to meet the overhead of perhaps any vacancies with the units suffice to finance the properties under a BLANKET Mortgage?
Any answers will help.
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