SHOULD I RECAST MY MORTGAGE...?

2 Replies

@Will Hanner This an analysis of using leverage vs debt free. it is the tenants job to pay off the mortgage. Start to use your calculator and see the power of leverage. Abbreviated example. 1 paid off house $100000 or 5 houses with 20% down. 3% growth 1 house grows to $134000 or 5 houses grow to $670000 in 10 years. What about the mortgage. Mortgage paid down to $65073x5=$325365. Equity=$344365. Like the Capitol One commercial"What's in your wallet". Would your $12000 grand buy an investment property per year. or even one every 2 years.