15 or 30 year mortgage?

[John Nawrocki]

If I am trying to buy a single family home rental does it make sense to lower my cash flow in favor of a 15 year mortgage as opposed to a longer 30 year mortgage so that I can pay down the loan faster?

[Tom S.]

@John Nawrocki I would say personal preference and your finances, and what you can do with the extra money. 30 year and paying extra if you want is safer and many people do that. Lots of options with the extra cashflow - invest more in your 401k, IRA, cash cushion, buy more property. Again, depends a lot of your personal situation.