Skip to content
General Landlording & Rental Properties

User Stats

4
Posts
0
Votes
Eric Pirozok
0
Votes |
4
Posts

How important is equity build-up?

Eric Pirozok
Posted Aug 3 2008, 10:47

I have a rental property that produces $100 of positive cashflow. If I apply an extra $100 to my principal payment each month I will payoff the mortgage in 25 years instead of 30. What is more important? Paying off my mortgage or leverage the equity to purhase additional property or both?

Thanks for your help!

Eric Pirozok

Loading replies...