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Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • Spring Valley, CA
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284
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Loan paydown vs. Saving for down payment

Alex Shaughnessy
Pro Member
  • Real Estate Investor
  • Spring Valley, CA
Posted Oct 17 2016, 11:20

Hello everyone. I am about to convert my primary residence to a rental. I believe it would cash flow $300 per month. My question is, with the extra money, and given I want to keep buying properties when I can, should I use the extra to pay down the loan or going towards another down payment for a new property? Thank you

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