General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
15 vs. 30 year Financing for Rentals
Hey everyone, new to rentals on my end. Im struggling to get my cash on cash over 9% when evaluating 15 year mortgages. I'm looking to build my portfolio of rentals using only 20% down for each. I have solid job income and really don't need any of the actual cash earnings so I just plan on continually reinvesting. My reinvestment capital would be monthly cash contributions from my primary income and my rental earnings combined.
Is it a no no to use 30 year financing to raise my cash on cash to 9-12%?
Thanks,
Michael