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Updated almost 5 years ago,

User Stats

206
Posts
144
Votes
Susan Tan
  • Rental Property Investor
  • Houston, TX
144
Votes |
206
Posts

Should I take out 2+ mortgages in same year to start out?

Susan Tan
  • Rental Property Investor
  • Houston, TX
Posted

As a beginner remote investor living in CA, I plan to visit Ohio next month and talk to realtors, property managers, & contractors. If I find 2 or more cash-flowing properties that can rent out for over $1k/month in class A neighborhoods, do you recommend that I get mortgages for all of them or should I only buy property & renovate that one property at a time? I don't want to fly to Ohio as often as 5 times a year, so I'd like to maximize my first time visit to Ohio. I won't have the cash to pay for the properties 100% so I'll need at least 1 conventional mortgage.

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