All Forum Posts by: Matt Ides

Thanks for the newest responses. We would only use the cash flow from the properties to pay off the current mortgages. My wife and I both work FT and we are maxing out our retirement accounts and can cover our bills monthly without any problems. We don't have a lot of liquidity at the moment since we leveraged quite a bit in 2018.

Thanks all for the replies. We are currently in the Twin Cities Market with duplexes and triplexes. So far our model has worked well with putting down $80K -$100K and our goal is to cash flow at least $800-$1,000 per month for any new property. What we are struggling with is that instead of putting the capital towards down payments we could in the next few years pay off a few of the mortgages which would increase our cash flow without adding more units to the portfolio (less risk and no additional repairs costs). I haven't done any deep analysis but by paying off some of the current mortgages ,this increases our cash flow, which then snow balls into paying off more of the remaining mortgages faster. 

Our goal was to re-evaluate when we hit 10 properties or 20 units but we are close so I am trying to evaluate now what would make sense. I do realize lending rates are very favorable and there seems to be an uptick with bank owned properties in the last few months so some good deals might be had. 

Hi all,

My wife and I have been investing for a few years now. We are up to 17 units (8 properties) and are trying to decide if we should continue to buy more duplex/triplexes. We are buying and holding so that the cash flow will help fund our retirement which is another 10-15 years away. We are not sure if it would make more sense to starting paying down the mortgages to increase the cash flow for our current portfolio. I wanted to get some advice and what others would do or if they have had similar situation.

Thanks,

Matt