Tough Times Convinced Him to Pay Off His Rental Properties With Curtis McClelland (Ep 596)

Is it better to use debt to buy more rental properties or pay off your mortgages and enjoy the cash flow?

Curtis McClelland recently heard a guest on the Rental Income Podcast talk about the benefits of using debt to build a rental portfolio. Curtis sees things differently. After a few tough months when cash flow was tight, he now believes there's a big advantage to owning rental properties free and clear.

On this episode, Curtis shares some of the financial challenges he's faced as a landlord, how he got through them, and the strategies he's using to pay off his mortgages.

We also talk about why Curtis regrets investing in condos. He shares how his condo association forced him to stop offering mid-term rentals, along with the challenges of rising condo fees and unexpected special assessments.

Curtis explains how he's pivoted his investing strategy, what types of properties he's buying today, and why he's more cautious about financing, especially commercial loans.

We also take a detailed look at his rental numbers, including total rent collected, mortgage payments, operating expenses, and actual cash flow.

Curtis also shares how he keeps vacancies low and why his ultimate goal is to own his rentals without debt.

https://rentalincomepodcast.com/episode596

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