If you want, share your balance, rate, and term, and I can show roughly how much faster you could pay it off with a few small changes.

It’s good to have a goal, but my experience has been as soon as you get close to your goal you will most likely create a new goal.

For my brother and I, our goal is to serve as many folks as we possibly can.

It’s faster, cheaper, and immediately reduces tenant complaints.4.

The trade-off is you’d carry the refi risk in 2031 (interest rates could be much higher, and you’d pay closing costs again).So it comes down to your goals.

., focus on building your team, clarifying your goals, and identifying markets that align with your long-term vision..

Cash flow pays bills, and appreciation grows wealth.If your goal is long-term financial independence, then you need a rental income that increases faster than inflation and will last throughout your lifetime.

Properties with garages or yards may rent faster and retain tenants longerAlways look at the local inventory—are you competing with lots of small apartments, or are rentals with space and amenities more unique?

Selling a rental on a month-to-month is absolutely doable, and it can be smooth for both you and the tenant if you structure it right.Here are the three approaches I’ve used depending on the goal:1.

The goal of real estate investing is long-term financial independence.