People always ask like, well, should I do a 15 year mortgage or a 30? I’m like, well, you take as much debt as you can, because that’s the whole point of why you’re doing this with the lowest required payment possible.
Because you can always accelerate if you want to, but you just you lose control of the property, if you lose control of the cash flow, and the bigger the payment, the harder the cash flow is. And this is why we’ve been brainwashed that you know, that’s bad.
And actually, if you want to hedge yourself or something that’s coming in the future, you want to take as much debt now so that when inflation’s happens, it’s worth barely nothing. Yeah, banks want you to stay in debt because that’s how they acquire streams of income. Right? investing isn’t about buying low and selling high investing is about acquiring streams of income, what I call acquiring the efforts of others.
When you go to invest in real estate, I’m not interested in owning a property that goes from 100,000 to 200,000. I’m more interested in having two $100,000 houses that have two tenants instead of one because now I have twice as many people working for me