Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

254
Posts
28
Votes
Mary Joe
  • Investor
  • Brooklyn, NY
28
Votes |
254
Posts

bad idea to pay off Mortgage early?

Mary Joe
  • Investor
  • Brooklyn, NY
Posted

Hi All

Is it a bad idea to pay off mortgage early?   Not from a TAX perspective but from a legal exposure perspective. 

I am thinking if people see that there is still a mortgage on the property, they will less likely  come after you with frivolous lawsuits.   Does it make sense or it doesn't really matter?

My preference is to pay off the mortgage early, but may hold off if the mortgage can actually help reduce unnecessary lawsuits from tenants or anyone. 

Any advice would be appreciated. 

Loading replies...