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Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127236  
Subject: Re: Consolidating Mortgages Date: 12/10/2012 4:10 PM
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Why would you consolidate all of them like this? I would prefer to keep them separate for a bunch of reasons.

- it is easier to track expenses and things like profit and loss to a property if I can segregate all the expenses to that property, including the mortgage interest.
- if a house is sold, you are still left with paying the full mortgage payment because that's how the payment was calculated. You don't get to take the money from the sale and pay off that mortgage. Even if you use the proceeds to pay down the mortgage, your payment is the same as though you still owned the property.
- if you have financial difficulties and face foreclosure, the loan is secured by all the properties instead of just the one to be foreclosed.

I can see where it is easier to make one payment, but I'm not so sure I'd be rushing to put all the properties into one financing bucket. But maybe that's just me.
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