𝐖𝐇𝐄𝐍 𝐈𝐓 𝐂𝐎𝐌𝐄𝐒 𝐓𝐎 𝐂𝐎𝐋𝐋𝐄𝐂𝐓𝐈𝐍𝐆 𝐘𝐎𝐔𝐑 𝐑𝐄𝐍𝐓𝐀𝐋 𝐈𝐍𝐂𝐎𝐌𝐄 𝐅𝐑𝐎𝐌 𝐘𝐎𝐔𝐑 𝐓𝐄𝐍𝐀𝐍𝐓, 𝐓𝐇𝐄𝐑𝐄 𝐀𝐑𝐄 𝐓𝐖𝐎 𝐆𝐑𝐎𝐔𝐏𝐒 𝐎𝐅 𝐋𝐀𝐍𝐃𝐋𝐎𝐑𝐃𝐒….
𝐆𝐑𝐎𝐔𝐏 𝐎𝐍𝐄 𝐅𝐎𝐂𝐔𝐒𝐄𝐒 𝐎𝐍 𝐔𝐒𝐈𝐍𝐆 𝐓𝐇𝐄 𝐑𝐄𝐍𝐓𝐀𝐋 𝐈𝐍𝐂𝐎𝐌𝐄 𝐓𝐎 𝐏𝐀𝐘 𝐎𝐅𝐅 𝐑𝐄𝐍𝐓𝐀𝐋 𝐄𝐗𝐏𝐄𝐍𝐒𝐄𝐒….
𝐆𝐑𝐎𝐔𝐏 𝐓𝐖𝐎 𝐅𝐎𝐂𝐔𝐒𝐄𝐒 𝐎𝐍 𝐏𝐀𝐘𝐈𝐍𝐆 𝐎𝐅𝐅 𝐓𝐇𝐄𝐈𝐑 𝐌𝐎𝐑𝐓𝐆𝐀𝐆𝐄 𝟏𝟎 𝐘𝐄𝐀𝐑𝐒 𝐄𝐀𝐑𝐋𝐈𝐄𝐑…
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 isn’t enough to cover the rental expenses anymore…
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 expenses…
You will continue to be stressed out about your finances…
And when that keeps on happening… 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 expenses…
Focus on rearranging your cash flow to pay off your owner’s occupied mortgage first then using your line of credit to pay all the rental expenses.
If you want help on this, simply drop “INFO” in the comments below and I will send over the information.