Those who finance investment properties

[Alex Corral]

Do you go with a 30 year mortgage or 15 year? I just closed on my first REI and took the 15 year. It was $146 more per month on a $60k loan. Seemed like a no brainer with the interest savings. It's not cash flowing much at all though. Maybe $40 a month. I've read to finance as long as possible for the most cash flow, but the extra $100 just doesn't make sense to pay all that extra interest, right?

[Joe Villeneuve]

Always go with the 30...and the lower payments.  Your goal with a rental is cash flow...not the payoff.  Your tenants pay off your property for you.  You are not saving interest, you are losing cash flow.  You are thinking like a homeowner and not like an investor.