15 year fixed killing cash flow...help

[Darren P.]

I am a somewhat newbie BRRR investor.

Right now I have 3 properties and I am thinking of 2 more to keep momentum.

When I bought those 3 it was with my own cash so cash flow was great (ignoring other aspects).

Now I have decided to borrow against those 3 to fund my next 2 properties.

With what I have learned I can now easily tell if my properties will cash flow with a mortgage on them.

Here is the problem ...

I can only get a 15 year fixed at 5% ( long story that I do not want to get into here).

With a 15 year fixed the mortgage is higher and attacks my cash flow.

When I run the numbers on a prospective property with borrowed money I can barely eek out any cash flow and even worse, some are negative.

This really got me bummed out and stunted my enthusiasm :-(

But then I had an awakening thought!

With those high mortgage amounts on a 15 year fixed I am gaining equity at a much faster pace !!!

So that begs the question...should I continue with flat or slight negative cash flow or back away ?

Am i missing something here ?

BTW, i work a good full time job so i do not need the cash flow to live on.

Thanks in advance for any help and I would respectfully ask that we stay on topic ( no contacts or comments on "helping" me get a 30 yr fixed...please assume that effort is exhausted...for now at least)