Rental real estate strategy with 3k monthly savings 15 year loans
I wanna pick some brains here... .. Im saving 3k monthly I have 1 single home property on loan cashflowing 200$ after expenses on 15 year loan.... (self managed) ...
My goal is to Be financially free 15 years down the road(or sooner) which is why i put this first property on 15 year note ..
My main concern is should i go 15 year loans / equity loans / 30 year loans / brrrr method ... for sure though i am a buy and hold mentakikty no flipping here i run/ own a restaurant dont have time for that
I would really like to have a number of loans paid off withing 15 years (15,000$or more cash flow)... I know the term dead money using shorter terms but i do not mind having loans paid off earlier vs 30 year loan even if it means less cash flow i do not need to live off of it now if it means loans getting paid sooner
Again i am new to the game spending lots of time on bigger pockets and listening to podcasts daily ,, go easy on me :)