How do you manage your mortgage?

[Mark Devens]

So I'm about to buy my first rental which is a duplex and want to keep growing from there. Do most of you keep mortgages on all your properties or do you wait to buy another until the last is paid off? I'm sure there's some kind of tax benefit one way or another. Thanks!

[Kevin Siedlecki]

@Mark Devens. Most buy and hold investors keep mortgages, even refinance to take on additional debt as properties appreciate and loans get paid down. There are several reasons for this, but I'm not sure how to sum it up in a short forum post.