Afford Anything Ask Paula: I’m Recently Retired. Do I Pay Off My Rentals Or Buy More Real Estate?
Aug 5, 2023
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Two Paths to Cash Flow
- There are two ways to achieve $10,000 monthly cash flow: fewer paid-off properties or multiple mortgaged properties.
- The latter offers more potential upside but requires more work.
Coast-FI Example
- A hypothetical investor uses cash flow from four properties to buy more, creating a snowball effect.
- This 'coast-FI' strategy allows properties to 'buy' more properties without additional personal investment.
Buy Now or Wait?
- Kelly considers buying a property now to rent or waiting six years.
- Paula advises comparing potential returns of the property versus alternative investments.