What is the smarter move?

[Brandon Wallace]

I have my first rental and plan on buying more throughout the years. What is the smarter move when it comes to spending your rental income? Use it to pay off the houses quicker so I can have even more rental income in 15-20 years? Or use the rental income to pay for my other bills in life? (Car payments, groceries, phone bill, utilities)

[Theresa Harris]

If you plan on buying more houses, the best option is to save that money, so you can use it as a down payment for the next house.  Let the tenants pay down the mortgage as interest rates are still low.

Anytime you earn more money, the temptation is to increase your spending, but the best thing is to pretend that money never existed and continue to live as if your income was lower.