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Updated over 9 years ago,
15 Year Notes vs 30 Year Notes
Hello BP Community! I'm 24 years old and looking to purchase a rental property within the next 6 months. A fellow BP member made the comment about putting loans on a 15 yr note vs 30 yr to be debt free sooner which I think is a great idea! However, when I'm running numbers on potential properties I notice the difference between positive & negative cash flow can vary depending on the term of the note.
Any thoughts or feedback?