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Paying off this rental property mortgage is a bad idea, correct?
Paying off this rental property mortgage is a bad idea, correct? I (37) have a rental property I bought as a future retirement a few years ago. It only generates about $200 a month right now after all expenses (taxes, vacancy factor, mortgage, regular and capital repairs, etc). The tenant is moving out in a few months and with new market rent and some minor improvements I’ll net closer to $800 a month. The l...
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