One of the REI books I've read said that even if you have a mortage of a million dollar against your rental properties, if you have a million in cash, it is the same as owning your investment properties clear and free.

What we have to work with is a beachfront property in Hawaii owned full and clear with a small house on it.

Not only does he do a great job at hearding us cats, but he is clearly one of the most inteligent posters on this site.

But gives a clear picture of what not to do, which is exactly what he's saying not to do today.

I won't be able to make the summit, but private money seems to be a hot topic - perhaps an expert to clear the air of all the requirements to use private money for investing purposes.

These properties are being proposed as an RTC style public/private partnership, thus discounts upfront will be absorbed, profitably, by the Govt in future years as the inventory clears and we begin to experience Capital appreciation.Those of you that believe you can out class large investors may be in for a surprise.

If that dosn't work after a few free months to a year, I would just pay it off and clear the credit report.

Having the tenants pay off a property and then eventually owning it free and clear can give a nice retirement nest egg.

Just take it to the issuing bank to see if it will clear.

It is clearly stated and they initialed right next to it.