Feb 25 2025 27 mins 25
When Jim started buying rentals, he decided to buy one a year and put it on a 15-year mortgage.
The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear.
On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow.
We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased.
https://rentalincomepodcast.com/episode510
Thanks To Our Sponsors:
Ridge Lending Group - Financing For Rental Properties.
MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.
Obie Insurance - See if you can save money on landlord insurance.
The downside to this strategy is that you have a larger mortgage payment and less cash flow today. The upside is that you build property equity much faster than you would with a 30-year mortgage, and in 15 years, you own your property free and clear.
On this episode, Jim shares how he was able to take the equity from one of his properties and buy three properties, and in the process, tripled his cash flow.
We also discuss some of the risks of a 15-year mortgage, how much Jim puts down on purchases, and how he has found the properties he purchased.
https://rentalincomepodcast.com/episode510
Thanks To Our Sponsors:
Ridge Lending Group - Financing For Rental Properties.
MidSouth HomeBuyers - Turnkey Rentals In Memphis & Little Rock. Instant Cash Flow On Day One.
Obie Insurance - See if you can save money on landlord insurance.
