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The Five Myths of Mortgaged Rental Property

[…]you can’t afford that, you should probably reconsider investing in property. Have an emergency fund for unexpected large repairs. Don’t neglect property maintenance. If you let repairs accumulate, they will come due when you can least afford them.  Bottom line: Unless you’re able to account for these losses over time, you could cumulatively lose thousands of dollars.  MYTH #3: I should not pay any extra on my mortgage because I will make more in the market Would you rather have a paid off rental property earning you $1000 a month or unpredictable mutual funds? Many people assume that by investing […]
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