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Updated about 9 years ago,

User Stats

119
Posts
59
Votes
Jim Stardust
  • Real Estate Investor
  • Cincinnati, OH
59
Votes |
119
Posts

Financing a rental with 15 or 30 yr mtg?

Jim Stardust
  • Real Estate Investor
  • Cincinnati, OH
Posted

It's my first rental property, can afford both 15 yr and 30 yr (with the appropriate down payment) financing. At 15 yr, I anticipate the property will be slightly cash-flow positive, with 30 yr, there's a lot more cash flow obviously. The property is around 200k and I don't anticipate there will be a lot of appreciation in the near future (3-5 years - the time frame I anticipate holding it). The money will otherwise be sitting in a money market account...

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