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Updated over 10 years ago on . Most recent reply

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71
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Jim Zatko
  • Investor
  • Muskegon, MI
29
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71
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Mortgage on a rental

Jim Zatko
  • Investor
  • Muskegon, MI
Posted

For most of you that do a buy and hold strategy... how long of a mortgage do you get and why? For instance, a 10 year, 15 year, 30 year?

Most Popular Reply

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,414
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

100 if I could get it.  My cash flow would go up.

Now, having said that, as an investor I would probably want to pay it off in 10 - 12 years if I can (the 100 year mortgage I wish I could get).  Then I would refinance and use the equity I just manufactured again.

Then pay that (again the 100 year I wish I could get) mortgage in 10 - 12 years, and re-use those funds again, and so on...

Joe Villeneuve
REcapSystem
A2REIC

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