Get a 25-year loan but pay it like a 10-year loan. Lower mandatory payments give you flexibility to accelerate principal paydown and save interest without the risk of a shorter loan term.
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Control your cash flow. Don't let the loan control you. And this leads us to the best strategy for maximizing both safety and speed. So here's the closing thought and the best practice strategy we recommend for every investor. You should always take the 25-year term when you're securing your financing. This locks in safety and security for those lower mandatory payments. Then you simply pay the loan like it's a 10-year loan if you want, and you have the cash flow. Your extra cash flow will pay down the principal faster than required. This will save interest in the long run. This strategy gives you maximum safety because your actual required payment is low. It also gives you maximum speed because you're aggressively paying down the principal. This is how you get the best of both worlds, safety and speed. All right. Well, if you didn't understand loan amortization before, hopefully you do now. And if you know someone considering a 10-year loan term, please share this video with them immediately. And if you've missed previous announcements, we are building a community of sophisticated investors in the Storage Moguls Mastermind. At thestorage moguls.com.
