Building a strategy

[Lawrence Breecher]

Hello my name is Lawrence I live in ft Worth Texas I'm 24 I want to start investing in real estate while I am young I'm looking to buy with a loan rental properties and holding them to build equity over years cash flow for income isn't important to me as I still work and plan to for the foreseeable future is this a viable strategy

[Jim Cummings]

Lawrence

Buy with the Longest Loan Possible - 30 Year Amortization. This will give you the lowest Monthly Mortgage Payment. 

You can then add Monies to your Monthly Mortgage Payment to shorten the note. I.E. If you make 13 Payments a Year instead of 12 you'll reduce the payoff period to around 22 years.  Go Online to an Amortization Site and look at 14 Payments a year instead of 12. 

Find a payment plan that feels comfortable for you. The beauty is if you get into a "Cash Crunch" you can get by with just the minimum payment until you recover.