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Which Group of Landlords Do You Fall Under? Read to find out!

  • Sylvia Ho
  • Feb 2, 2024
  • 1 min read


𝐖𝐇𝐄𝐍 πˆπ“ π‚πŽπŒπ„π’ π“πŽ π‚πŽπ‹π‹π„π‚π“πˆππ† π˜πŽπ”π‘ 𝐑𝐄𝐍𝐓𝐀𝐋 πˆππ‚πŽπŒπ„ π…π‘πŽπŒ π˜πŽπ”π‘ 𝐓𝐄𝐍𝐀𝐍𝐓, 𝐓𝐇𝐄𝐑𝐄 𝐀𝐑𝐄 π“π–πŽ π†π‘πŽπ”ππ’ πŽπ… π‹π€ππƒπ‹πŽπ‘πƒπ’β€¦.


  1. π†π‘πŽπ”π πŽππ„ π…πŽπ‚π”π’π„π’ 𝐎𝐍 π”π’πˆππ† 𝐓𝐇𝐄 𝐑𝐄𝐍𝐓𝐀𝐋 πˆππ‚πŽπŒπ„ π“πŽ ππ€π˜ πŽπ…π… 𝐑𝐄𝐍𝐓𝐀𝐋 𝐄𝐗𝐏𝐄𝐍𝐒𝐄𝐒….

  2. π†π‘πŽπ”π π“π–πŽ π…πŽπ‚π”π’π„π’ 𝐎𝐍 ππ€π˜πˆππ† πŽπ…π… π“π‡π„πˆπ‘ πŒπŽπ‘π“π†π€π†π„ 𝟏𝟎 π˜π„π€π‘π’ π„π€π‘π‹πˆπ„π‘β€¦


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 β€œINFO” in the comments below and I will send over the information.

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