BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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 3 months ago, 10/15/2024
Making extra principal payments
Hello,
I've been BRRRing and using 30 year DSCR loans. So I have been researching making an extra principal payment every year and how it will cut down your mortgage to between 21-23 years. I'm debating if this is worth it in the long run because If I do then I get them paid off earlier but at the same time I could be using that extra money to expand my portfolio and buy more houses . What's everyone thoughts on this ?
I currently have 7 houses and at a pace now of 3-4 more SFH per year