But when it's equity gains, no tax, only at time of sale and if you 1031 Uncle Sam let's you continue to use that tax-$ for investing purposes.

Here’s my two cents:Paying off the condo might make sense if your main goal is to reduce risk and enjoy the peace of mind that comes with no mortgage.

@Elizabeth Leb Every dollar of that $20k needs a purpose.

Is that on purpose?

The scammer may promise to help the victim get out of debt or improve their financial situation, but in reality, they have no intention of helping the victim and are only interested in taking ownership of the asset.Once the victim takes out the loan, the scammer may siphon off the funds or use them for their own purposes, leaving the victim with a large debt and no asset to show for it.

This is a business purpose loan and will have a prepayment penalty and possibly cost a bit more than conventional financing.

I See it as the next Silicon Valley tech hub  - my main business is pushing that direction.

Hey Lorenzo,I'm up in Maine, so not too far from Boston.

I think it comes down to two main questions:1.

The person must align their mission, vision and purpose.