15 vs. 30 year mortgage

[Ryan Van Puffelen]

Greetings all,

Am new to the real estate investing world and am curious to get everyone's thoughts on whether they finance at 15 years vs. 30 years? Currently looking at both single family and multi-family opportunities.

Thanks!

[David Krulac]

@Ryan Van Puffelen

Here's my 0.02 cents.... When starting out and when you need to borrow, as opposed to paying all cash, then "borrow as much as you can for as long as you can." That means 30 year fixed mortgages. As you progress in the biz, maybe think about a 15 year fixed, and when you best investing years are behind you, then borrow little or no money, pay off some mortgages maybe and strive for properties with no debt.