BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago on . Most recent reply
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Pay off mortgage or continue cash flow
Hey All,
Recently, one of my SFH mortgages have decreased by $100+ per month. Your thoughts on applying that directly to the principle to pay it down faster (I do not plan on keeping the property more than 10 years. Acquired just 2 1/2 years ago), or save keep building up the cash flow to use for future expenses and other aspects of the business?
Looking forward to your responses.
thanks.
Steve
Most Popular Reply
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Keep the cash. Your mortgage rate should be pretty low compare to what you can get in return in general from the $100.