Updated almost 5 years ago on . Most recent reply
Cash Flow Vs Mortgage
I am new to real estate investing, recently got a rental property where I have a cash flow of $200 per month. For last few months I am not able to find a good deals to get another rental property. Do you advice to hold on to the cash for now or do you suggest to make additional principal payments and target the Mortgage loan ?
Regards,
Dham
Most Popular Reply
Joe Villeneuve
#5 All Forums Contributor
Pro Member
#5 All Forums Contributor
- Plymouth, MI
Never take your own money and spend it on your rental property mortgage. All you're doing is spending money you don't need to and adding to your cost. Let your tenant do that for you. It's free that way.