Deferring STR cash flow for the future?
A lot of talk here regarding cash flow. If our bigger goal is to “retire” early and quit our W2 jobs would it make more sense to invest 100% of cash flow back into the principal to quicker achieve full ownership of properties? Or what about making the cash flow work for you in better ways? Thoughts?
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Michael Baum
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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Or increase your holdings by leveraging existing properties to buy more properties thus increasing cashflow.
A paid off property is nice, but if you want to quite the W2's, then more properties cash flowing allow that to happen faster.
You could come up with a graduated plan. Put more monthly on the first home while buying others, pay it off, then the 2nd etc all the while increasing the number of properties.