Real Estate

Cash Damming if only 50% owner of rental

  • Last Updated:
  • Jan 15th, 2020 9:40 am
[OP]
Newbie
Nov 25, 2019
11 posts
1 upvote

Cash Damming if only 50% owner of rental

I am buying a rental property with my father in law. I plan to use the cash damming strategy by:

1. Depositing rent cheques in account A;
2. Using account A to pay off my home mortgage quicker; and
3. Using my HELOC to pay my expenses linked to generating rental income.

My questions is, given that I only own 50% of the rental property, am I limited to only employing this strategy with 50% of the rental income?

Thanks!
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