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Updated over 4 years ago,

User Stats

18
Posts
1
Votes
Kevin Franklin
  • Investor
  • Fort Washington, MD
1
Votes |
18
Posts

Should I Pay Off My Property or Maintain The Debt

Kevin Franklin
  • Investor
  • Fort Washington, MD
Posted

I just heard about the idea of chunking down my mortgage on a rental property; sounds enticing to have an early payoff.  However, I also know that having this debt offers more tax deductions.  Of course, having a property free and clear and having more of your cashflow go toward taxes is a good problem to have but is this a route I should consider taking?  Am I really losing much on tax deductions once my property is paid in full?