@Joseph HenryIt works the same on an adjustable rate mortgage - if you pay extra it reduces the principal balance

I balance my portfolio so that I always have a slight buffer of PAL.

Enjoy those wine dinners and piano bars – sounds like a good balance to the hustle.

.- What does your mangement contract state about the PMC chasing tenants for past due balances after they move out?

Property 1 = 209k balance (349k value) 2.6% on a 20yr conventional Property 2 = 170k (218k value) 5.6% on a 30yr conventional(approximating on original post but total mortgage debt 380k)

I think understanding the balance between active W-2 income and passive income is important.

Looking to balance Keeping It Simple and being on top of things.For years, we used Ally.

It's a balancing act.

I hung on the cubicle for balance with my head down and kept muttering to myself, no door, no door.

This transactional lender puts $40k in the pot (for some return which I am curious what they were promised) to get it back at closing as part of seller/lender#2 financing.At closing the first lets say is owed $50,000 so the $70k covers the first balance and closing costs.