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Updated over 9 years ago,
Quick rental investment question - New investor
In my area, after putting 20% down, I will have zero cash flow.
My question:
The goal of a rental property is to put 20% down and have the mortgage paid off by tenants after 30 years.
After that, I can sell or just have positive cash flow for retirement.
Is this correct?
Just wanted to make sure I was clear on the objective.
Thanks!