Updated over 8 years ago on . Most recent reply
Financial Vehicle to help me pay off my house quickly?
Hi All,
Just got into the business and just got my first house rented. I have a 30 year loan I want to pay off in 15. I am wondering what strategies there are out there to do that.
Is it possible to save say $200 a month in the stock market some way, such that in 15 years (or when the value reaches the payoff amount) I can take it out and not pay any taxes on it? Is there a way to do this? Right?, so the interest earned would normally be taxable, but I am using it to pay off an investment, so I am looking to see if I can avoid the taxes. Kinda like a the 1031 exchange concept where if I were to sell this property and buy another in x days I do not have to pay taxes.
Is this possible? Is there a better way, another way?