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Updated 3 months ago, 10/15/2024

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14
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1
Votes
George Bell
1
Votes |
14
Posts

Making extra principal payments

George Bell
Posted

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

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