No. of Recommendations: 6
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.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.