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Updated over 3 years ago,
Couple getting into real estate and how to structure loans
My wife and I are starting to purchase properties. We bought our personal residence with both of us on the loan. Now we are looking at buying our first rental/fix and I am wondering if we should both be on the loan or if it makes sense to only put one on the loan if finances allow? Since we are buying close to home I think our future loans will be labeled as investment properties. Does it matter at all if we are both on the loan or should it be just one? We want to expand fairly quickly over the next 5 years with BRRR and maybe some fix and flips. We both have great credit and decent 1099/W2 income.