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Updated over 5 years ago on . Most recent reply

Cash Flow: save and put down on another house, or pay principal?
I am closing on a townhouse next month, and will be renting it out. All expenses a month equal $1400. I will be renting the unit for $1900 a month. Should I save all the cash flow and put down on another house, or pay off the loan quicker? I have other sources to use for a down payment another house next year. I have been hearing that using the cash flow to put down on another house is the best method, but wanted some input. Thanks
Most Popular Reply

Never pay the loan quicker , don’t do the bank any favors . Let the tenants do their jobs .