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Updated about 10 years ago, 12/02/2014
Question About Reinvesting: Pay down mortgage(s) or save for next deal
Often I have seen advice given to always reinvest off the properties you are acquiring, my simple question would be (and there may not be an easy answer) would you take cash flow and pay down mortgage(s) so you could leverage that equity later for another deal, or save cash for the next deal?
I am starting out as a new home builder, and want to take anything over what I need to live on to build up a portfolio of buy and hold over the next 10-15yrs.