Rental Property Loan: 15 years term or 30 years term?

[May Zhou]

We are considering to buy a townhouse to rent -  diversifying assets is the primary reason. We are in Houston, TX.

Now my husband and I have difference when it comes to loan term: if 15 years loan, we are about to break even but much more asset accumulation with less interest. With 30 years term, we get 7% cash flow but hardly any asset accumulation in the first a few years.  

Which is the better way to go?

[Gabriel Amedee]

The question is actually which do YOU prefer? There are endless threads that debate these two terms. At the end of the day it always comes down to the investors preference.

Happy investing!