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Updated almost 11 years ago,

User Stats

4
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0
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Kyle Rowe
  • Chanute, KS
0
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4
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Pay off early or save cash to buy more property?

Kyle Rowe
  • Chanute, KS
Posted

Hi all, I'm new to this forum and the landlord gig. I've been at it since last
June and have had pretty good luck thus far. I'm 24 and have a lot to learn. I bought 5 properties in a 6 month span last year. 3 of which I managed to finance 0% down which many say is unheard of. Keep in mind I live in rural America so rental property around here sells from $15k to $30k all day. Right now I am currently just building a cash surplus and hunting for my next bargain. I am debating on whether I should focus on paying off the houses early or just continue adding property? I set my properties up on 10 year notes at 5% interest. Thanks all!

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