5 Paid-Off Rentals vs. 15 with Mortgages: The Math Will Change How You Invest

The Property Academy Podcast · Sep 15, 2026 · 14m

One investor owns 15 rentals with mortgages. The other owns 5, mortgage-free. So, who's actually better off and by how much?

In this episode, Ed and Andrew run the numbers on both, and the result surprises most people.

You'll learn:

Why 15 mortgaged rentals can barely pay any cashflow

Why the "worse" properties can produce around 14x more free cash

When to leverage to build wealth, and when to pay down for income

Leverage builds wealth, but it doesn't pay you. Knowing when to switch is the whole retirement plan.

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