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Updated about 16 years ago on .

User Stats

43
Posts
8
Votes
Matt Batson
  • Inspector
  • asheville, NC
8
Votes |
43
Posts

Cash out a mutual fund?

Matt Batson
  • Inspector
  • asheville, NC
Posted

I have a single family home I rent that has about 28K remaining on the loan.
I collect about 500 a month, after prop. management fees.
I'm thinking about cashing out a mutual fund and paying off the house.
Then, my 28K would be making approx. 500 a month, or about 6K a year, as opposed to the 0 dollars it is making invested in the market.
Also, Dave Ramsey writes that the only way he owns rentals is if he owns them outright with no loans

Does any of this make sense or am I missing some very important facts?? :mrgreen: