Cashflow Options and Decisions

[Brandon V.]

Hi Everyone,

What is everyone's strategy for their cashflow?  

Are you saving up for the next rental property? Are you paying down your primary residence giving you an option for a HELOC if you want down the line? Are you paying off student loans? Are you saving for a new truck or something personal? Are you paying down your highest interest rate mortgage? Are you diversifying into stocks, REITs, bonds, or other investments?

I'm struggling because I think I might be getting stretched a little thin.  All my properties require at least a 10% return so if I pay down my highest interest mortgage, that would be 5.75% "return" so why would I pay that down when I could always make a 10% return on the next property.  

Also what does everyone keep in reserves?  If you had 5 units what would you keep in reserves?  If you have 15 units what would you keep in reserves and how do you calculate that?  

Brandon