Smart ways to pay Mortage

[Joshua Robertson]

Hello, when investing in multi family homes is there a rule of thumb when paying off the Mortage? Or Should I take the full 30 years to pay it off? 

[Alex Gunnerson]

Hi Joshua, I'm not an expert, but in my experience, this is largely going to depend on your goals with real estate. Some people prefer to pay off the loan faster, build equity in their home more quickly, and having less debt may help them sleep at night. Other people will use the full 30 year period to pay off their mortgage because they prefer having more cash readily available to pursue their next deal. Personally, I prefer using the full 30 year period as I always want to be ready when the next deal comes around.

I hope this was helpful, good luck !