Best Loan term when evaluating a deal?

[Erik Powell]

Hello all,

I have a question on what term to use for a loan?  I have heard 15 years with a Cash on Cash of at least 10%.  However, last night Brandon in his webinar used 30 years for his deal he analyzed.  Is there a discussion or some rules of thumbs on this at all?  I am a little confused and looking at a couple of deals that make no sense using the 15 years, but start looking OK at 30 years.

Thanks!