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Updated almost 6 years ago on . Most recent reply

User Stats

94
Posts
12
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Cole Black
  • Rental Property Investor
  • Markdale Ontario
12
Votes |
94
Posts

Cash flow reinvest or save for down payment

Cole Black
  • Rental Property Investor
  • Markdale Ontario
Posted

Ok let’s say I have a mortgage on a house amortized for 30 years. The property earns about $300 a month in positive cash flow. I would like to reinvest this money but would like to know where it’s better off. Should I put that $300 dollars into the mortgage lowering my monthly mortgage payment and increasing my cash flow. Or should I save that $300 extra bucks until I have enough money for another property. What’s the better option and why?

Most Popular Reply

User Stats

709
Posts
741
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Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
741
Votes |
709
Posts
Matthew McNeil
  • Rental Property Investor
  • Boise/Portland
Replied

Before I clicked on this post I knew that @Joe Villeneuve would have most likely already replied.

My advice.... What Joe said.

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