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Updated almost 3 years ago,

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7
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0
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Dessa Patton
  • Fulton MS
0
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7
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Paying of properties

Dessa Patton
  • Fulton MS
Posted

I am still a newbie in research mode and I was talking to a family member who has a couple of rental properties. They paid off their properties early and didn't hold the mortgage for the long run. 

Is this a good idea? Didn't they lose tax breaks from the interest that was not paid?

Other than having the property free and clear - and flowing, what other advantages/disadvantages does this situation present? 

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