Author Topic: Just paid off my 2nd house  (Read 1768 times)

jasonw71

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Just paid off my 2nd house
« on: November 18, 2017, 10:14:35 AM »
I am one happy debt free camper today, I just paid off my 2nd house yesterday. So now I have a 100% debt free rental and my primary now.

SwordGuy

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Re: Just paid off my 2nd house
« Reply #1 on: November 18, 2017, 03:29:39 PM »
Congrats!

Rental property?

rab-bit

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Re: Just paid off my 2nd house
« Reply #2 on: November 18, 2017, 04:11:24 PM »
Nice, congratulations!

We hope to have one of our rentals paid off by this April, can't wait!
« Last Edit: November 18, 2017, 04:14:08 PM by rab »

jasonw71

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Re: Just paid off my 2nd house
« Reply #3 on: November 18, 2017, 09:25:31 PM »
Congrats!

Rental property?
Yes its a rental house, I have 3 more to pay off next. Then a lot more house to buy in the future. But I'm not playing the mortgage leverage games anymore like I used to. Too much stress in bad economies.

Brother Esau

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Re: Just paid off my 2nd house
« Reply #4 on: November 19, 2017, 04:35:46 PM »
congrats!

Slee_stack

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Re: Just paid off my 2nd house
« Reply #5 on: December 13, 2017, 02:49:56 PM »
Rental (Investment) loan interest is deductible against your rental income though.

That's not chump change, particularly at 25%, 28%, and up tax brackets.

Are your investment loans at high rates?

As a landlord, you must already be comfortable with taking financial risks.  Its interesting to see the opposite path taken with respect to loan leverage.


If its simply clearing debt in order to qualify for another property loan, then that makes more sense.


big_slacker

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Re: Just paid off my 2nd house
« Reply #6 on: December 13, 2017, 04:32:08 PM »
That's awesome, congrats!

soccerluvof4

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Re: Just paid off my 2nd house
« Reply #7 on: December 14, 2017, 03:31:33 AM »
Congrats!!