Why A 30-Year Loan Is Better Than A 15-Year Loan On Rental Properties
15-year loans may appear to save money over 30-year loans because they have a lower interest rate, but you may want to have the flexibility of a 30-year loan. Buying rental properties is a great investment, especially when you are able to use a mortgage to buy the properties and still get great cash flow. Many investors will get a 15-year mortgage because the rates are a little lower and they can pay off the properties quicker. However, a 30-year loan when buying rental properties can offer more cash flow. Plus, the flexibility of having greater cashflow to buy more…