Bank loan, the longer, the better ?
Hello !
So i'm just playing with the though:
If I'm going to focus on multifamily-apartments, MANY, so i will not just buy one, I want to maximum the cashflow and buy more properties so I get more money, so for example, If I COULD get a 50 or 60 year loan instead of 15/30, would it be better with the 60 year loan ? we all know that the total I will pay in intrests will increase but so will the total income I get from cashflow, right ? So for this tactic: Buy and hold ( not selling anyone ) gonna buy 100+ properties, would the longer loan help me or is there a "breaking point" where u stop earning money and instead loose money ? I woulden't say so becouse, the less I pay, the more money I can save and invest, Right ?
Would be gr8 if someone could tell me their though about it all, thank you very much!