Paying off rentals

[James York]

Who is an advocate for paying off their rentals and just enjoying the cash flow? I’m fully aware of the down sides of this, but thinking it could be a better fit for what I want out of life.  I’ve also recently spoken with a very successful commercial investor who doesn’t carry any debt because of his experiences during the great financial crisis. Looking for feedback from people who have done it or are working toward it. I know this slows growth, eliminated leverage and all that, this is an alternative idea that is equally valuable to the investor looking for a more passive income. 

[Bjorn Ahlblad]

For me it depends on where you are at. If you are growing your business it makes no sense to pay off debt. At my current state I have no interest in any more doors so I might as well get rid of any cash that is not going to be working. 

I want enough cash for whatever comes along. New roof, kids needs, new car, boat whatever. Other than that I don't need any debt.

It depends on your goals and needs at the time.