Those who finance investment properties
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?