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Rental Property Cash Flow allocation
Hey BP,
As my significant other and I draw closer to purchasing our first investment property we find ourselves butting heads on strategies involving rentals.
When renting out a property that was refi’d out of to repay lenders and put into a 30 yr mortgage, what would be the best strategy in allocating the cash flow?
Would it be wiser to pay the mortgage from the tenant and also the cash flow left over and reduce the time frame on the 30yrs? Or is this counterproductive?
I’d love some feedback