New investor - Buy & Hold
Ok so I’m trying to get my mind right with what my focus should be. Here are a couple thoughts I’ve had, any thoughts you have would have would be great.
I’m wondering if I should be working on purchasing properties or paying mortgage down to have more monthly cash flow.
I have the opportunity to purchase properties with 15% into them. Any mortgages would be amortized over 20 years.
1) if I do the minimum down of 15% they won’t cash flow as good.
2) if I put more down it will limit the amount of properties I can buy.
I’m wondering what your thoughts are on my focus. Should it not be on the monthly cash flow and look at the numbers for cash on cash return and cap rate?
Let me know what you think.
Thanks
Waylon