multiple loans at the same time?

[David Rutledge]

Hi Everyone,

I am a beginner investor and I am looking to purchase my first few buy and hold rental properties. I live in CA but I am looking to purchase in either NC, FL or IN. I have two properties that I am ready to make an offer on (one in NC and the other in IN)

I have lenders sorted out for both of those states but I am a little unsure on what would be the best way to juggle these loans at this point.

I would really like to put an offer in on both properties at the same time and get the ball rolling on both (I have more than enough for the 20% down payment on both properties)

My question is, am I doing anything wrong by trying to have two separate properties with separate lenders close at the same time? Should I wait until one closes before putting an offer on the other? Would I need to let each lender know I am also in the process of trying to buy another property?

I am very new to all this so I am sorry if these questions appear silly. Obviously this is a very big decision for me and I just want to get all my ducks in a row making pulling the trigger. Any knowledge or insight from anyone who has experience or knowledge in this area would be greatly appreciated.

Thanks so much for your time.

David