Rental Property Investor · Markdale Ontario · Member since 2019 · 94 posts · 12 votes
Ok let’s say I have a mortgage on a house amortized for 30 years. The property earns about $300 a month in positive cash flow. I would like to reinvest this money but would like to know where it’s better off. Should I put that $300 dollars into the mortgage lowering my monthly mortgage payment and increasing my cash flow. Or should I save that $300 extra bucks until I have enough money for another property. What’s the better option and why?
@Cole Black keep the money away see how much equity you have if good enough use that to get another property but don’t put more that 4 % down let the bank take a loss when the market crush or value decreases why?you don’t want to loose your money that could be invested somewhere be smart