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General Landlording & Rental Properties

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Jonathan Pockets
  • Verona, NJ
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Quick rental investment question - New investor

Jonathan Pockets
  • Verona, NJ
Posted Apr 22 2015, 15:19

In my area, after putting 20% down, I will have zero cash flow.

My question:

The goal of a rental property is to put 20% down and have the mortgage paid off by tenants after 30 years.

After that, I can sell or just have positive cash flow for retirement.

Is this correct?

Just wanted to make sure I was clear on the objective.

Thanks!

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