Hi all,
If you were to purchase a block of units, which are on one title, would it be more beneficial to have 1 loan for all properties, or separate loans for each property?
My preference is to have a separate loan for each property as they are indiviaul properties after all. The tenancies will be different, rental amount may be different, expenses will be etc., so keeping them separate would be easier from an accounting point of view, I would have thought.
Just after some feedback from those who already own such investments to see how they went.
Ta,
Andrew.
If you were to purchase a block of units, which are on one title, would it be more beneficial to have 1 loan for all properties, or separate loans for each property?
My preference is to have a separate loan for each property as they are indiviaul properties after all. The tenancies will be different, rental amount may be different, expenses will be etc., so keeping them separate would be easier from an accounting point of view, I would have thought.
Just after some feedback from those who already own such investments to see how they went.
Ta,
Andrew.