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Updated about 5 years ago on .

Account Closed
  • Rental Property Investor
  • Little Village, Chicago
1
Votes |
19
Posts

Reinvesting profits vs loan paydown

Account Closed
  • Rental Property Investor
  • Little Village, Chicago
Posted

After my first property purchase I realized how the purchase price seems to almost double with a 30 year loan. They say to pay yourself first. In this case, does one let their tenants pay the mortgage and use cash flow to reinvest, or is it good to accelerate your loan pay down and gain equity faster and at a lower cost?