All Forum Posts by: Tj M.

@Aaron Hunt

1.41 now

2. 55 max. Can’t use my pension or 401k till then.

3. Grandparents where in the their 90’s

So what do you think?

When I see the total interest saved over life of the loan I get excited about paying them off but when I see how much cash flow per month that money brings I get discouraged. I feel like if I paid them off tomorrow that I would be able to save a lot money and start buying the next ones with cash. I am spoiled and bought all mine at the bottom of the market and feel like the market is to high. I could pay them off now. Wait for a correction or deal and then mortgage them again if the cash is needed.

I know people have different opinions on paying off rentals but for those who have how do you like it? Did it allow you to buy more properties faster,did you pay for the next property with cash or did you end up taking loans out on them later down the road? If you had to do it over again would you pay them off?

Looking forward to the reply’s.

Tj

@Jason Bott Thank you I will try that.

I was wondering if anyone is having luck using online tax software to do their taxes? I tried doing my taxes online but just can’t figure it out. What tax program do you guys use?

Hi. I have a property that has one mortgage but has 4 sfh on it. My trouble is some how the bank can never keep track of declaration of insurance on all 4. I have 4 different polices, 1 for each house. I feel if I had one policy for the whole property that it would be much simpler. Is it possible to do that?

@Karen O. I see a lot of people wanting to grow with leverage. I just wanted to see/hear the logic in having 20 leveraged properties making $10k a month vs having 10 paid for properties making $10k. Seems like the 10 paid for is way less work.

@Karen O. Why buy more units to manage and take care of if the ones I already have would do the job if they are paid off? Plus the market is really high here at the moment.

So I sold my primary residence and made a very nice profit. I feel like I want to pay off my two rental properties and then have them pay my mortgage on the new house. I did not make enough to pay off my new mortgage without adding funds. What would the BP community do with the money?

Was wonder what BP community thought about renting out a house that has a elevator in. Let them use it like normal, would you disable it what are your thoughts on it? Maintenance is super expensive and of course the liability on it.

Thanks TJ