š§ Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomadā¢?
New To Podcast This Week - Over 84,000 Total Downloads*
Should we take extra cash flow and use it to pay down properties?
Does that get us to financial independence faster?
Does that get us a higher net worth?
Does that reduce our risk when investing in real estate?
Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced.
For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties faster? And if you do, is that a faster path to financial independence? Does it result in your having a higher overall net worth? A higher overall standard of living in retirement? Is it less risky to do that?
That's what we will discuss in this special comparison class.
I have analyzed over 300 US markets for someone utilizing the Nomadā¢ real estate investing strategy in two flavors. In one group, they do the traditional Nomadā¢ model and do not pay anything extra to pay off their mortgages early. In the other group, they do Nomadā¢ but they apply extra cash flow toward paying off their properties early.
Which group performs better in the metrics we outlined above? Is it universally better? Or is it market-dependent?
Find out in this mini-class.
How to Access in 3 Easy Steps
Click on the PODCAST button next to your city.
Select your preferred podcast player (Apple, Spotify, etc) and subscribe for free.
Enjoy!
Love,
James Orr
*As of February 17, the total number of downloads across all Real Estate Financial Plannerā¢ city-specific real estate investing podcasts for all episodes over all-time is over 84,604.
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