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Updated almost 6 years ago,
Paid off property RISK
Hey guys, i just want to know if its too risky to ever pay off your mortage. I’ve been lots of research on this topic because all i want to do is own 5 paid off rentals and retire early. That is my goal but i have read again and again that if you have paid off rentals then you are putting yourself at risk for getting sued. I actually want to live out of country (low cost of living) for couple of years therefore i want fewer properties with paid off mortage to sustain my lifestyle. How can i protect my assests from this? I really can’t stop thinking out this issue im having and can’t seem to find an answer anywhere. If anyone has any intake on this then please let me know. Thank you.