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Updated about 1 year ago on . Most recent reply

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Dav Pohote
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Is it really a great deal if it's on a 30 yr mortgage?

Dav Pohote
Posted

I have always looked for 15 year in the past but am wondering who here primarily does 30 years?


Obviously, they'll cash flow better, but you pay a ton more in interest on the backend. My whole thing in real estate has been to be in cash as soon as possible,  but would like to hear the arguments from people who are happy to cash flow on a 30 year. 

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,447
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied
Quote from @Dav Pohote:

I have always looked for 15 year in the past but am wondering who here primarily does 30 years?


Obviously, they'll cash flow better, but you pay a ton more in interest on the backend. My whole thing in real estate has been to be in cash as soon as possible,  but would like to hear the arguments from people who are happy to cash flow on a 30 year. 

You're not paying the interest.  Your tenant is.  Your only cost is the csh you pay.  The most important numbers is the lowest down payment, then followed by the lowest monthly payment.

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