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Mortgages are great! How else can you invest in a $300,000 opportunity for $60,000?
More specifically, how else can you take a 5% appreciating house and make 25% off it?
It's like buying low risk stock on margin and amplifying the returns. Plus the interest is tax free!
And just so you know, you ALMOST NEVER want to be mortgage free. As long as you have air left in your lungs, you should be continuously refinancing that (those) house(s) and continuously cashing out on the appreciation and reinvesting it.
But what do I know?
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