๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐, ๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐โฆ.
๐๐๐๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐โฆ.
๐๐๐๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐โฆ
Regardless of whether they have a big mortgage or small mortgage on the owner-occupied home....
Group one often ends up worrying about cash flow as mortgage rates have gone up and the rental income isnโt enough to cover the rental expenses anymoreโฆ
While Group two ends up making their mortgage tax deductible and hence reaching mortgage freedom much earlier!
Why?
Because unless you stop using your rental income to pay off your rental expensesโฆ
You will continue to be stressed out about your financesโฆ
And when that keeps on happeningโฆ it will only be a matter of time before you have to start dipping into your savings and lose the money you have put aside for vacation or even worse your retirement fund.
So next time you find yourself using your rental income to pay your rental expensesโฆ
Focus on rearranging your cash flow to pay off your ownerโs occupied mortgage first then using your line of credit to pay all the rental expenses.
If you want help on this, simply drop โINFOโ in the comments below and I will send over the information.
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