REI Wealth Issue #60 featuring Steve Davis, Total Wealth Academy | Page 26

MEET RICK TOBIN
Investors can apply any excess net rental income each year to paying off their mortgage faster . With consistent annual rents , a 30­year mortgage or a shorter­term 5­year or 7­year interestonly mortgage with much lower monthly payments than the best 30­year fully amortizing rates can be paid off much faster as more principal is paid off with extra payments .
The sooner that your homes are free and clear , the earlier you can retire and live off of the monthly cash flow while not touching your equity gains . A fairly consistent plan of buying and holding short­term and / or long­term rental properties is a prime example of letting your money work hard for you instead of the other way around .
Rick Tobin has a diversified background in both the real estate and securities fields for the past 30 + years . He has held seven ( 7 ) different real estate and securities brokerage licenses to date , and is a graduate of the University of Southern California . Rick has an extensive background in the financing of residential and commercial properties around the U . S with debt , equity , and mezzanine money . His funding sources have included banks , life insurance companies , REITs ( Real Estate Investment Trusts ), equity funds , and foreign money sources . You can visit Rick Tobin at RealLoans . com for more details .
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