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Updated 13 days ago,

User Stats

26
Posts
17
Votes
Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
17
Votes |
26
Posts

Pay off mortgage and snowball?

Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
Posted
Hey everyone, I accomplished my goal of getting my first rental property under contract by the end of 2017 and I close on this property soon. I have been calculating the best way to grow my portfolio, but I am curious if anyone else has worked to pay off the mortgage completely and then saved all the additional cashflow for their next property?? Then repeat for a snowball effect. Obviously would be a slower process, but would create very little debt hanging over your head. Let me know your thoughts. Thanks!

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