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Okay so the question that came in this week was if I buy a rental property should I pay it off or should I just make the

minimum monthly payments and I'd have to say like most real estate questions

that's a big fat it depends it depends on what your goals are. It depends on what you're looking to accomplish.

Maybe if I, I'll write out the scenario here and just kind of show you the difference in the outcome of both and

then you can make the decision based on what you want to do.

All right?

So let's say we've got, we'll call this scenario one where we're going to pay off the house and then we'll call this scenario

two where we're going to take out a loan, purchase it, and just make the minimum payments. Let's say both

houses, fair market value, is $100,000. Let's say they both rent for $1,000. It's a month and let's say the expenses,

we'll just minus 40%.

That's a good round number, rule of thumb.

It's gonna stand for your taxes, your insurance,

your maintenance, your vacancy factor,

and your property management.

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