If you have to use some type of loan or financing, you’re probably wondering if it’s worth the investment. But this should be determined on a case-by-case basis.
The goal of any investment should be your Return on Investment (ROI). “And when it comes to cash flow, it’s very likely that a loan payment would eat up a lot of your monthly income. Personally, I think that’s acceptable if acquiring said property is bringing you closer to your long-term goal—financial freedom.”
But as you begin your investment search, understand that you are in the first phase: Buying. Don’t look to become rich off of your first property. Instead, this first property will build your net worth.
“If your investment can produce even one dollar more than your monthly loan payments, chances are, it's a good idea to move forward with a loan on your rental property.”
Want to know about this AND more...
Workshop Alert 🚨:
When: December 9, 2016
Where: 631 Cecil b Moore Ave
Time: 10 AM to 12 PM
#tpim #realestatephilly #youngentrepreneur #40under40 #realestateinvestment
Read more at: https://apple.news/AtsEZSgkGTHWlkAJAkD85nA