How long are you financing properties?
I am currently using a small local bank for financing my rentals. I am able to get 5% fixed for 10 years with an am of up to 30 years. I currently have them financed for 10 years. I don't have much cash flow each month. But, I do know they will be paid for in ten years. I keep a good amount of reserves so the small cash flow does not bother me.
I have started thinking about 15-25 year terms on my next purchases. I am just curios if anyone is willing to share what they do and their thoughts?
Thanks
Andy