If you were a full time land lord, what would you rather own?
If you were a FT land lord, would you rather own 2 fully paid off triplexes or 6-8 triplexes with 75% LTV mortgages?
Assume roughly 1% rule for these. Also assume that you are the one managing.
Cashflow might be higher with the fully paid off, plus a fraction of the work. But principal paydown and appreciation is going to be multiples higher with the 2nd option.
What do you think? Maybe a combination of the two?