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Updated almost 5 years ago,
Newbie question! Balancing Cash Flow vs. Loan Payoff
Hi all! I am new to this group, and have a loan refinancing question. When evaluating your loan vs. your rental income, is it better to get a longer-term loan (i.e. 30 years) and have higher cash flow versus a shorter-term loan (i.e. 15 years) and have negative cash flow but pay off the loan quicker.
Does anyone have advice on how to balance these decisions?
Thank you!