All Forum Posts by: Tony Furgiuele

I have been talking to fellow investors about wether it is better to own property free and clear or have some kind of money against a property even if it is a line of credit. Tax purposes is the answer I get when I try to dig a little deeper into why that is. I am new to the real estate gig so on my first buy and hold property I acquired I was able to take out a 5 year commercial loan on. The rent covers the mortgage and I will be free and clear in 3 1/2 more years. Then I would like to purchase a similar priced property and in my mind with 2 rents paying towards it I would be paid off twice as fast. This makes more sense to me but as I said I am new. Any advice would be greatly appreciated. 

                                      Tony 

Hello everyone,

My name is Tony and I am from Pittsburgh PA. Ive started investing in residential real estate like many in my family has before me. The level of experience, dedication and success varies  from case to case but I believe that I can really go places in this business. Any ideas you need to bounce off of a fresh mind send my way, I'll do my best to help out or at least reason things out with you. Take care and I look forward to hearing from you.