If you're financing the home, you're going to be paying a mortgage, he pointed out: "Yes, you are paying down principal."
But, at the end of the day, a monthly mortgage payment is an expense.
Of course, rent is a monthly expense as well, which begs the question: Do I rent or buy?
"You're paying down a mortgage with rental income, not the cash out of your pocket.
To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.
Persons:
it's, Ricky Beliveau, Beliveau
Organizations:
V10 Development