Inspiring interviews with today's top landlords. This is the rental income podcast. And now, Dan Lay.

Rich, you've got some rental properties that you're pretty close to being able to pay off. And I think that's great. And I want to find out how you did it. But at the same time, interest rates are so low right now that I think it makes a lot

of sense to lock in a 30-year fixed-rate mortgage at such low rates. I think you might be able to

make more money by borrowing money right now. So what do you think? Why pay off your rentals?

If you pay off a mortgage, you get the cash flow. If you take the leverage, you obviously

have lowered cash flow. And in a low interest rate environment, it does make sense to borrow.

However, there's a lot of psychology in it. There's a lot of thought of, you know, just to have things paid off and have no debt is emancipating.

And it's freedom.

And that's the ultimate goal.

That makes a lot of sense.

Well, on the show today, we'll explore that a little bit more.

We'll also talk about how Rich got to the position where he's got a

bunch of rental properties that are getting ready to pay off in way less than 30 years. And also,

with the rates being so low, Rich thinks we may need to reevaluate the 1% rule. So he's going to

share some numbers on what might be a better way to evaluate a rental property going forward.

Joining us on the show today from Maryland is Rich Levine. We'll take a really quick break.

We'll thank our sponsors. We'll come right back and we'll talk to Rich.

The first step in buying a rental property is to get pre-qualified. And I would suggest you work

with a lender that specializes in working with

investors because the last thing you want to have happen is to get to closing and find out the money's

not there and you can't close. The lender that I recommend is Chaley Ridge from Ridge Lending Group.

She's a nationwide lender and she'll pre-qualify you for free

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