The Money Mustache Community

General Discussion => Share Your Badassity => Topic started by: jasonw71 on November 18, 2017, 10:14:35 AM

Title: Just paid off my 2nd house
Post by: jasonw71 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.

Title: Re: Just paid off my 2nd house
Post by: SwordGuy on November 18, 2017, 03:29:39 PM

Congrats!

Rental property?

Title: Re: Just paid off my 2nd house
Post by: rab-bit 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!

Title: Re: Just paid off my 2nd house
Post by: jasonw71 on November 18, 2017, 09:25:31 PM

Quote from: SwordGuy on November 18, 2017, 03:29:39 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.

Title: Re: Just paid off my 2nd house
Post by: Brother Esau on November 19, 2017, 04:35:46 PM

congrats!

Title: Re: Just paid off my 2nd house
Post by: Slee_stack 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.

Title: Re: Just paid off my 2nd house
Post by: big_slacker on December 13, 2017, 04:32:08 PM

That's awesome, congrats!

Title: Re: Just paid off my 2nd house
Post by: soccerluvof4 on December 14, 2017, 03:31:33 AM

Congrats!!