15 year fixed or 30 year fixed?

[Bud Gaffney]

Hi all,

I am a real estate investor starting out! I currently have a condo in New Bedford, MA with 1 year left on the mortgage, a 4 family in Taunton, MA with 14 years left on the mortgage, a single family in Westport, MA with 25 years left on the mortgage. I am looking to purchase a 3 or 4 family in the next month or two. I have ~60-70K for a 25% down payment. Here is my question to fellow investors. Do you use 15 year mortgages or 30 year mortgages? I am leaning towards 15 as it would still be cash flow positive on day 1. Any insight or advice would be so greatly appreciated.

Thank you very much :)