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Updated over 4 years ago,
Best financing for multiple properties?
Hello All,
As I'm getting started in my real estate journey I'm putting some effort into getting systems in place that can scale. One aspect that is still a little confusing to me is how to handle financing once you get several properties. Seems like majority of individuals prefer to use a mortgage broker. Others seems to like local community banks. I would prefer to only have to use one bank but it doesn't seem like you get the best deals that way.
Two questions:
With a mortgage broker, if you had multiple properties wouldn't you end up with loans at several different banks?
If you do have loans at several different banks, what systems do you use to manage the notes?