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Updated over 5 years ago on . Most recent reply

Delvon A Byrd's profile image
Delvon A Byrd's profile image
Delvon A Byrd
  • New to Real Estate
  • from Cleveland, OH
  • Member since Mar 19, 2019
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Delvon A Byrd's profile image
Delvon A Byrd's profile image
Delvon A Byrd
  • New to Real Estate
  • from Cleveland, OH
  • Member since Mar 19, 2019
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Delvon A Byrd
  • New to Real Estate
  • Cleveland, OH
10
Votes |
35
Posts
Multi-Family and Apartment Investing

Getting a mortgage on property

Delvon A Byrd
  • New to Real Estate
  • Cleveland, OH
Posted

Is It ok to get a mortgage on your first property (multi unit) to bring in passive income

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Jeff Stein's profile image
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Jeff Stein
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since May 18, 2018
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Jeff Stein's profile image
Jeff Stein's profile image
Jeff Stein
  • Rental Property Investor
  • from Milwaukee, WI
  • Member since May 18, 2018
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Jeff Stein
  • Rental Property Investor
  • Milwaukee, WI
52
Votes |
138
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Jeff Stein
  • Rental Property Investor
  • Milwaukee, WI
Replied

Could you provide more information about your question please.

I personally think the best benefit of real estate in comparison to investing in the stock market index funds is the leverage. I would recommend in most situation have a loan for your building. With that said, typically a loan will decrease your passive income on that particular property because some of your income is paying for the loan interest.

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