You should have a plan B

You should have a plan B in case you don’t have enough cash flow to meet your debt repayment target.

That is, if your cash flow doesn’t turn out to be as strong as you expect, how else will you reduce debt?

Counterintuitively, sometimes borrowing more now is the best solution to having fewer borrowings in the future.

For example, if a client has a very large home loan, often I will recommend borrowing to buy an investment property.

The reason is that at least it gives them something to sell in the future (and they can use the net cash proceeds to reduce debt).

RealRenta has all the tools that a property manager hasbut for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Wednesday, 1 November 2023

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