How to Pay Off Your Rental Property Mortgage Early - The Rental Debt Snowball
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- เผยแพร่เมื่อ 29 ก.ย. 2024
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🎙️ The Rental Debt Snowball is a strategy to help you pay off mortgage debt faster so that you can own receive a steady stream of passive income using rental properties. This episode outlines how the Rental Debt Snowball Plan works, including an example with 3 rental houses that get paid off in under 13 years & produce $25,000 of yearly income.
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I’ve recently hit 22 properties, 7 are paid off already. My next goal is to pay off all the rest in 7-10 years. I’ll be able to retire early with about $50,000 per month in income for life
Real estate is the best thing on the planet
Bruh thats too much… thats like top earners bracket right? I know for Europe it is…
How many units ?
That is great, you could also sell off your portfolio as well.
Keep the properties. If you have heirs, it would be great to bequeath the paid off properties to them. if they have any sense, they will keep them and continue to earn passive income.
We have the same portfolio lol. I also have 22 properties and 7 are paid off. Maybe it’s a sign I should continue to pay them off.
Coach carson love your idea thank you
Thanks for watching 😁
I want to start off very small as in I plan on paying off my actual home that i currently live in and owning my house 100%. Then move once my wife retires from the Military, i wish to start renting the house that I would by then own fully. The renters montly rent would be pure profit. Is this a good idea? As of now I am living in the home. It just an idea for the future
Hey Nicholas, it's a good idea if it helps you sleep better at night. Owning your home free and clear of debt is a secure feeling. You could probably grow your wealth more by using that cash to buy another rental property. But they call it personal finance because it's personal! Depends on your approach.
Pay it off. If rents soften, or you lose your job, you will still have that income rolling in.
I am an 18 year old that wants to make rental properties a retirement. I have no money built up yet to buy a rental property but within the next year I will have enough to buy my first rental property. My goal is to build a rental property portfolio fast. How can I grow my rental properties starting out small with just one rental.
I come from a poor family so I am starting from the bare minimum. Is it even possible to make a retirement with rental properties starting from square one?
Kaden, first of all congrats for your goal and plan to buy the one rental property! Not everyone gets it at 18 years old, and you're taking a great step.
It definitely starts a little slower early on if you don't have a lot of cash. Working a job or starting a business that makes good money is an important first step. It doesn't have to be real estate related. Then saving as much of that salary as possible. That's the important step.
But what I did was also partnered with other people who had money, and i found the deals. So, I was able to get a piece of a deal using other people's money. And they got someone with energy and focus to bring them deals and manage them (me). There are a lot of ways to approach that, but one way is a credit partnership - which I explain in this video: th-cam.com/video/RsBXG8I2lJQ/w-d-xo.html
Good luck and keep working at it!
your thoughts are exactly same as me
I currently have 12 rental units. I should be up to 18-20 units by the fall. I currently have 2 houses paid off, but one of those is in my self directed Roth IRA. I'm growing now for the cash flow, but will start paying off some units by 2021.
Congrats on your progress so far! Sounds like you're approaching a plateau with decisions about further growth or debt reduction.
instaBlaster.
Great video. I’ve got 3 rental properties that I’m debating paying off over the next 4 years (in preparation for early retirement). This video was extremely helpful and confirmed the direction I was wanting to take. Thanks!
Best of luck! Glad to hear the video was helpful.
What direction did you go?
My head was so foggy when I was trying to approach this important topic but now with this explanation, it seems so doable. Great explanation. I'm already working on my spreadsheets. Many Thanks.
Excellent! Thank you for sharing. I'm glad it was helpful.
Thanks Coach! So, would you recommend paying off primary residence mortgage before starting the rental investment strategy, or get started as soon as I can?
Awesome info Coach! The white board helped me a lot. I like that visual. I look forward to seeing more videos from you!
Glad you liked the white board! More to come with that prop:) Thanks for watching.
I don’t understand, do you mean focusing on paying down one prop at a time by using other rental cash flow&saving to pour it into that one prop?
If my credit is bad, mostly just high credit card balances, I would assume I should pay off the credit cards before starting, to raise my credit score but also reduce me expenses. Or should I just dive in even with a higher interest rate mortgage?
Professor Coach Chad Carson, the man of the year!
wow! I wasn't expecting that. But thank you:)
@@CoachChadCarson So Coach,my Dad passed away and left me his condo. I assumed the mortgage,owes 99k on it. I do qualify for the 1% rule and my Gross Rent Multipler is low(GRM)👍. My plan is too rent it out at $1550 a month,if my mortgage is $1000 all in/HOA and taxes/escrow,I was gonna at minimum pay $1600 a month,or $600 towards principle monthly. (Use $200 from job and $400 from renter). Would you recommend that monthly or just 1 or 2x year make a large payment? The home I leave in now i have a current mortgage,but with $450 to $500 a month I'm capturing,and job revenue, what would you recommend on getting the Condo paid down? Enjoy you're videos boss.
what if i used a HELOC from my primary for the down payment for the rental properties. Do you have a strategy to get that paid down along with the snowball on the rental mortgages. thanks!
I plan on doing this but I only have two houses now. Once I pay these two off I’m going to save and try to buy homes cash or mostly cash
Question: if you have 10 rental properties with different principal balances, should you start pay off with the highest or lowest balance property?
There are two main approaches, with pluses and minuses to each.
1. Debt snowball (Dave Ramsey style) - pay off smallest loans first. This builds momentum fast, increases your cash flow sooner, and it's satisfying psychologically.
2. Debt avalanche - pay off highest interest rate loans first. This will save you more money over the long run (as long as you stick to it), but it can be psychologically more challenging because you don't see progress as quickly. It also could be less flexible because you don't free up cash flow as fast.
Which one you use is up to you. I've done a little of both.
I am planning to use the Debt Snowball technique to pay off rental debt. Great video, Coach!
In Canada, the numbers don't make sense now. At 20% down payment, there will be negative cash flow. In addition, the market is slowing down and the prices of properties is also very slowly going down. So, if you buy now at 20% down payment, beside negative cash flow, there is a loss of equity also. This strategy may not work in the current market conditions in Toronto and GTA areas.
Great video! I have a strategy in question that I am considering that involves recasting my mortgage. For example, I recast a 30-year, $400,000 mortgage with $350,000 remaining by paying a lump sum of $100,000 five years after the loan was originated. Recasting the loan would involve amortizing the remaining $250,000 balance over the remaining 25-year term. Under these circumstances, the monthly payment-assuming a 3.5% interest rate-would decrease from $1,796 to $1,252 following the recast. This is an extra $544 cashflow that I could apply to the same mortgage as monthly principal or pay more principal on another property. I am not sure if this makes sense? Thanks in advance!
Where can you find a house for 120k that can gross 2100? That even exceeds the 1 percent rule. That’s not realistic. For 120k house the rent might be 1000 dollars. How can it generate 2100??
I love your channel! Found it last week and I’ve been binging your whole channel! Do you have a coaching program for beginners?
Thank you for stopping by! Glad you found the videos helpful. I don't do 1-1 coaching, but I do have an online course called Real Estate Start School that has regular, weekly group coaching calls year-round. And it's a lifetime membership after paying up front. It only opens in March and September, but you can get details and get on the waiting list here: coachcarson.com/ress thanks for your interest!
Thanks Coach! I have listened to almost all your podcasts! What are your thoughts about a debt snowball in today’s low interest/QE environment? We have purchased our “target” number of houses for retirement but it feels like there are so many other things we can do with our excess income than pay down low interest 30 yr fixed loans, such as continuing to invest with leverage where the cash flows work or simply building up our equities portfolio.
Yeah, if you're buying properties with 3% interest and earning a 7%-10% cap rate, it's tough to argue with keeping the debt. But I think it also depends on the type of debt. If you're fixing interest for 30 years, that's sort of a no-brainer. If you're getting 5-7 year commercial debt with ballons, that can still be worth paying off even with low rates in order to avoid the risk of having to refinance or sell.
Eh that is very slow way to get to 25k a year cash flow. Might as well keep buying more properties and will hit that cash flow in 3-5 years or less
would it be a smart move to after having one or two houses fully paid off get 2 or more?
Sure. I could see that making sense. For example, you could keep those as rentals, move to a new home, and get a loan on that, and later keep as a rental, pay it off, and repeat!
"Principle-Only" and not mortgage payment. There is no need to pay extra for interest!
Thank you very much Coach Carson for this strategy.
Wouldn't it be nice if anybody who can save $500/month while working has $90k in savings to buy three houses.
So it takes 15 years to get the $90k and then 12+ years to pay them off. Cool
Get a partner. Do a couple live in flips. Use less money down. Use creative financing. Buy at lower prices. No reason to be restrained by my example.
Coach Carson Well said, this video and method is a very vanilla way of paying off mortgages. No forced appreciation, inflation or thoughts about SA’s were mentioned. Plenty of awesome opportunities to add into the process to make it work for everyone. Cheers coach
@@CoachChadCarson I'd like to start rental investing. Could you expound upon creative financing?
@@russkydeutsch I have a creative financing playlist here on TH-cam you might find helpful: th-cam.com/play/PL5F-I4oW-y2GT1sXIBio2rEycQ6v38iyH.html
Hard to buy using llc. Vs just going personal. How do you do it using llc?
I used a lot of private money and some commercial loans. They were ok with LLC. For conventional mortgages, yes, you may need to buy property in your name. Some people later transfer to an LLC but be careful of the due on sale clause: th-cam.com/video/ydN34A1VjBg/w-d-xo.html
Q: In approaching purchasing a second rental property, is it best to allocate earmarked investment monies in paying down the principle on the first mortgage and then refinancing to get the second prop., or saving the cash for the second prop?
Excellent question. I'm wondering the same.
What I can see there is a positive cash flow from the property so there is no risk involved but normally properties rental here are 0.6 or 0.8% of Emi then what should be the plan of action
In this case you may have to make your money on the price appreciation. The safest way is to buy it below value today. Like if the full value is $500,000, buy it for $400,000. If you buy 3 of these deals, you could sell two and use the profits to pay off the debt on the 3rd. This article shows an example of this Buy 3, Sell 2, Keep 1 plan: www.coachcarson.com/short-term-buy-and-hold-plan-buy-3-sell-2-keep-1/
not included are other expenses like insurance, maint for Summer and Winter. Repairs and cost every year....property taxes etc plus govt taxes. so if you a dd that most times your cash flow is min or zero.
I actually included all of those costs in the 40% expense ratio at 6:40
This could have been explained in one sentence up front. Apply all cash flow to one property's debt service.
👍
I am not taking any action bcuz the fear of debt and what if this goes wrong I am screwed! I really really wanna get into REI though and potentially rental properties! Couldn’t you put them under 15 year mortgages instead of 30 so paid off faster?
Thanks for the question, Logan! That fear that we all have can be helpful. It's telling us to be careful of debt, because although it's a tool it can be financially dangerous!
With regard to a 15-year mortgage, I prefer to get a 30-year or as long as possible. You can always pay it off sooner, but if you get a 15 year mortgage you HAVE to pay off that particular property's debt. The best part of a Debt Snowball is you can choose which debt to payoff first. So, with 3 30-year mortgage for example, you can choose to pay off the one with the highest interest rate first.
What do you think?
@@CoachChadCarson Oh I understand! For sure makes sense Coach C! Just really trying to understand the best I can to really get in and get to that financial freedom number asap so I can really attempt to scale something!
Is property tax accounted for in the deductions?
Yes it is
Awesome content Coach! Quick question - would you do this strategy in increments of 3s, 4s, or 5s? Acquire the properties.... aggressively pay down debt to be free and clear... and repeat? Or would your growth phase be in one continuous step?
Really good question. I've personally taken the approach of doing all my acquisitions, growth, and then paydowns in big groups (not breaking them into smaller pieces and then repeating). But I think that approach makes a lot of sense, too. What I DID do, however, was take breaks where I got a certain threshold of rental income, and then instead of continuing to grow or pay off properties - I just went on a mini-retirement and pressed pause on everything. These breaks were critical for my own mental well being and the connection with my family and my purpose for building wealth in the first place.
I had the same question. We just got to #3. Debating doing a mini debt snowball over the next 3-4 yrs, then repeating (with cash flow from 1-3 allowing us to snowball faster next time). Or grow to 8-10 properties, then shift to debt snowball phase all at once. The idea of so much debt right now scares us a bit :)
Love this
thanks Ashlyn!
Why that bothersome drum music in the background so distracting
thanks for the feedback.
Why not just save and buy cash?
At what point does it still make since to stop using leverage if my goal is to have debt free portfolio? My goal is 30 units. Do I get to 30 before I start the snowball?
You could wait until you get to 30 and then snowball. But it could also make sense to do it earlier. You might take a little longer, but it'd also reduce some risk and increase some cash flow earlier. It all comes down to your risk tolerance and what allows you to sleep well at night while still reaching your goals. Good luck!
@@CoachChadCarson would you keep a mortgage on your personal residence while doing this snowball? Or would you include the personal residence in this snowball?
I like your video! But PLEASE stop the mudic behind. It disturbe the concentration on the meaning! I CANOT hEAR what you are saying!
Love it Coach. You are wonderful!! Please drop the music, very distracting. We are well on our way inspired by you!
This is awesome! Thinking of using my VA loan later on once I’m set in the military. Thinking of investing in property by age 30. The bigger the down payment the faster ill pay off the mortgage correct? Also I didn’t fully understand why having a longer mortgage plan is better. If anyone can explain that’ll be cool but I’ll do my own research on it. Thanks for the vid
Great idea on the VA loan and getting started. I like longer term loans because it locks in a low payment. If you ever get in a tough financial situation you can drop down to the minimum payment. Then you can always pay it off faster if you want.
@@CoachChadCarson ohhhh okay that makes a lot more sense thank you!
You do not need cash to get started.
Solid plan. Sweet shirt. Thanks for creating and sharing Coach.
One of my favorite shirts. Got it from my friends Micharl and Ellen at uncommondream.com
Thank you for this video. Very valuable information. Coach you rock man!!!!
You're welcome! Happy to hear it was helpful. Thanks for watching, Eddie!
Thats my plan to retire in 12-15 years. Currently own the house I live in and have 1 rental property. I will buy up to 4 doors at a time and pay the one with less balance. And then repeat. Thank you so much for your video.
Sounds great! I like your plan. Good luck! 🙌
@aky1313 when you say 4 doors at one time, are you considering buying 2 duplexes or 4 single family homes?
@@tylerclark-realtor I meant 4 singles, one right after the other.
I was planning to do a house hack paying off the house hack while living then repeat. Buy a second house hack and use the rental income from the first house and job savings to pay off the second house hack and just continue from there. Does that make sense?
I've done this. But I would hate to have to do it again in today's market. Numbers in my area no longer make financial sense.
Enjoyed this video. Looking forward to implementing this concept
Glad you enjoyed it! Thanks for watching and best of luck.
At 9:35 you say to set aside the rental cash flow in a savings account and not toward paying down the note; however, you then indicate to bundle the three, rental cash flow, extra job savings and mortgage payment and make a large payment on the note. I'm missing something obvious...
What about combining this with a HELOC or as collateral ? To then buy MORE properties? Once you pay off one property, use that equity to buy another rental property?
“Achieve financial independence”…by becoming massively dependent on a bank for the mortgage, lol.
Live this concept. We have been utilizing this strategy for the last few years. Thanks Coach.
Roll that snowball!
Hi Chad, Are there any tax implications with paying rental property? Can you explan about that?
Can you expand upon "purchase rentals"? Was that the 10 that you mentioned?
How can you factor in depreciation into this, and include a number in the calculation? And what about amortization?
Would the process be the same buying 1 House at a time and paying that off THEN buy the second house etc…..
Less risk, maybe?
I haven't modeled the difference but it's a good question. If you're buying low priced properties it could make sense. Then use rent from first to help you buy the second. I think the biggest challenge is the slowness of getting started. Some people don't stay motivated, but that may not be an issue for you. And you don't benefit as much from compounding of leverage.
The way u do....is really realistic n apply able
I have a question if you are only focusing on one mortgage payment, don't they take your other 2 houses because you aren't paying them (lets say you have 3 )or you can pay the mortgage when ever you like? I'm learning this so if you can answer it will help.
Thanks for question. With debt snowball you keep paying the MINIMUM payment on all three mortgages. But anything extra goes toward the one. That keeps you current on all payments.
In Canada, we can't get a fixed loan for 30 years. 5 years max....so with the uncertainty of current interest rates, does it make sense to apply debt snowball to our rentals here? Most of the investors here take a 5 year variable rate that can be locked in at any time...I've got two properties with rates sitting at 1.85%....but I expect that to go up of course. I assume it would make more sense to pay more towards the debt early rather than later.
Those are good rates but yes the variable rates make me nervous too. Does it just adjust after 5 years or you have to pay it off?
If you have the money saved up to buy your first rental property cash, would it be better to do that rather than split it up into separate down payments for multiple properties?
i’d rather have multiple properties if my income situation could support it.
So, what about the mortgages on the other properties?
Are you just paying the minimum payment off them?
Is it worth dropping them to interest only repayments?
Yes, just pay minimum on all others. If you could do interest only it would Accelerate the process. I have some private lenders who let me pay interest only but most banks will not.
I am in the process of buying my first rental property. I am doing a 15 year mortgage for the lower rate and the estimated positive cash flow will be $500 a month. Essentially, if i put the $500 (give or take) per month towards the loan each month, id pay it off 6 years early. Do you recommend this? or wait until i have multiple properties and use that $500 per month to save for the next one? I plan to save for another property either way.
You have good options! I personally use cash flow to buy more properties first. Then after getting to a certain number started paying some off. But it is definitely a personal choice!
FINALLLLLY found what I was looking for ❤
Happy to have you here! Hope you stick around for more!
You didn't take into account that you'll have to pay income tax on the profits from each property. You can not take net profits and pay off a mortgage without being taxed on the money first.
I simplified this scenario. But most rentals I have shelter most of the rental profits with depreciation expense. When you have leverage during the paydown phase, taxes aren't always as big of a deal. But to your point they certainly could be depending on the numbers.
@@CoachChadCarsonis that why sometimes doing cost segregation is not a good idea because you use those all up front?
Thanks Coach!
You bet! Thanks for watching, Joe.
Why would I want to use my extra cash to pay down debt when I can use the banks money to buy more cash flowing properties? Rates are cheap
If you're ready to reduce risk and take some chips of the table. Not necessarily for someone whose top priority is maximum growth.
@@CoachChadCarson gotcha. Solid move for maybe an older person. I love using the banks money for cheap to accumulate more properties. 40yrs old is why I think like I do. Good advice nonetheless. Fan
Awesome content! Would this be the same as a blanket loan ?
Not exactly. If I understand it right - a blanket loan is one debt secured my multiple properties. It may have a release clause (like pay $100k to release one Property from blanket loan) but probably wouldn't decrease overall payment like this example.
Plz advice 🙏
What do you recommend for those that want to maximize their long term rental income? In that case, would it be better to reinvest the cash as down payments on the purchase of additional properties?
Good question. You'll probably get a higher return on investment over the long run by reinvesting cash into new rentals instead of doing a debt snowball. So, if you have a longer time frame, pushing it off could lead to more income in the end. The decision to begin paying off debt is really a risk-mitigation decision and a simplification decision. You consolidate your capital into fewer properties.
Hi coach i am your British viewer.
Why not pay the property off with a repayment morgages over 30 years. Is that not a better way?
Welcome! You can certainly get a 30-year mortgage and most people do (here in the US at least). What I'm talking about here with debt pay down is once you have enough properties, it's a way to reduce risk and increase cashflow. Instead of buying more properties, you pay off debt. So, there are the two basic phases (1) growth - use debt (2) income - pay off debt and live off your income. At least that's this one approach:) Lots of ways to invest.
@@CoachChadCarson thank you for replying back so promptly sir. Considering the time difference. So would you go through a time to buy very fast before paying down?
Also if you had to draw an income from your rental income. But you work this out at the most basic level deduct that and then what is left over pay that to the morgage
Also sir if you have a 30 year repayment mortgage would you just let that run through it natural term and let the morgages be paid that way?
Before watching the video - From what I have read and learned it’s my understanding that you don’t want to pay any of your properties off until you are completely finished buying properties and wanting to live off of them … does this sound correct? The reason being is that equity loans and refinances are tax free so once you pay a property down to 50% you refinance it and take out the equity again and buy more properties and use those properties to generate cash flow and refinance those and buy more. If you ever wanted to sell one you have at least 25% equity in the property so that even paying off the bank note upon the sale you will still pocket a decent amount of money. Always use the banks money! Esp with interest rates being as cheap as they are right now.
Hey Brian. That sounds right to me. The only thing I will add is that it could make sense to start paying some properties off before the very end. Like taking chips off the table. Then you can keep growing with other part of portfolio, but gives you a hedge.
@@CoachChadCarson are you finished buying properties at 100 or will you still pick up deals? Do you ever sell or just hold?
@@CoachChadCarson I haven’t sold anything I have so far one because of capital gains taxes and two because I get really good rent for my properties and it wouldn’t really make sense to sell anything unless I was just tired of dealing with it.
Thx🙏 Very impactful!
Glad it was helpful! 🙌
This is my intended method if I ever manage to break into the business.
It is a solid plan to use! What is your biggest obstacle to breaking into the business?
@@CoachChadCarson
Biggest factor is psychological - convincing my subconscious that it is a real thing and that I am capable of doing it successfully, and therefore that the effort involved (in learning and in doing) is worth exerting.
They say that confidence comes from competence, which would make this a bit of a ‘catch-22’, but one that may, perhaps, be vulnerable to a sort of ‘brute force’ circumvention. I have been watching some real estate channels for this purpose, and while this is the first I’m seeing of it, your channel looks like it may help, too.
As far as practical arrangement, I’m pretty much average except that I don’t like debt - which is why this video caught my eye. It seems like a good compromise between Ramsey and Kiyosaki.
Hi coach to do this method. Do you need to deduct all your expenses and use 1 rental income with paying the morgage down? Am.i right?
Hi, yes you pay all your normal expenses first - including all the minimum mortgage payments. then you use any extra cashflow - both from your rentals and any other extra savings - to pay down ONE property at a time. Then when that one is paid off, you can begin the 2nd, 3rd, etc. Hope that makes sense!
@@CoachChadCarson thank you for replying back. Its quite refreshing someone talking about paying off the debt!
Not the norm, is it?!
@@CoachChadCarson I completely agree with you. Its more like take more debt out but don't tell you to pay it down. If you talk about ways of paying it down your seen as stupid. And that you should let inflation eat away at. Maybe im old fashion. But I've got young children and single parent so I do think about the long term future. (Sorry for the rant)
Awesome thanks bro 😎
Welcome 😊 Thanks for watching!
Great Channel. Subscribed
Thank you!
Great vid Coach!!!!!
Thanks JT!
I don't think these technique is for Indians. We aren't getting any rent more than the mortgage.
Do you have an example of what your numbers would be? Like how much would you buy a property for? And what kind of monthly rent would you collect? And what would your monthly expenses be?
@@CoachChadCarson So, if I get loan of minimum 30 lakhs (3 million) for a 2bhk in outskirts of main city. So the repayment will be in minimum 15-19k per month for 30 years. But if I rent that 2 bhk property ; so the most rent I will get from it is approx 10k.
PS: I am not native english speaker. Maybe u get my point :)
@@mukulrana2339 thank you for sharing the numbers. You are right, it will be difficult to have positive cash flow borrowing a debt with those numbers. It appears like your cost of debt is more expensive than the profit your property produces. Let's say your 10,000/mo rent has 3,000/mo expenses, you would make 7,000/mo or 84,000/yr before your mortgage payment. On a 3 million purchase, your profit (aka return) is only 2.8%. But it seems like your mortgage costs 5 or 6%. So, you are losing money on that debt. You either have to subsidize the negative cash flow each year, pay a larger down payment, or find a property in another area that has a better return. I know NOTHING about real estate in India, so I don't know what it possible. But just my initial thoughts. Good luck!
@@CoachChadCarson thank you for the guidance. People said that internet is harsh but u r different altogether. For now buying property won't work for me and will continue the search for other passive income. N best of luck for the future hope u achieve more :)
Do you propose to not put any job savings money in taxable accounts with low cost index funds but instead move that money to pay off loans?
Also at 9:54 why do you include the mortgage payment again? The $579 is rental cash flow after you already paid off the mortgage at all 3 houses. Aren't you double counting the mortgage?
Thanks for the question. Whether to take money from other investment savings definitely depends on your personal goals and strategy. Some people will choose to do that because getting free and clear houses will be a primary part of their early retirement strategy (building an income floor). A lot of investors I know invest taxable money in real estate and also set aside money in retirement accounts that are in low-cost index funds in the stock market.
At 9:54 I $579 (cash flow) + $500 (extra job savings) + $487 (mortgage payment) = $1,566/mo to show how much you would send to your mortgage company every month. the $579 is the excess rental cash flow from all 3 properties that you'll use to pay down that one mortgage. Hope that makes sense.
@@CoachChadCarson Thanks for the response coach. Makes sense now!
This video is 1yr old as of now, when I'm watching it... but you've taught me alot, thanks man... ily👁👄👁😏. 🔥🤘🏻🤘🏻🤘🏻.
Glad I could help. Thank you for watching! Hopefully the video ages well.