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Not even buying another IP? Markets are moving now and if not will move very soon.we are paying them off now but we don't have any personal (non-deductable) debt and nothing better to do with our cash at the moment.
Not even buying another IP? Markets are moving now and if not will move very soon.
Depends on what stage of investing you are at (IMHO).I don't see any reason whatsoever to choose pay off any investment loans. It's inefficient.
I don't see any reason whatsoever to choose pay off any investment loans. It's inefficient.
just bought number 9 will be buying number 10 in january and then that's it for us.
It makes more sense to pay off the debt than to put money in an account earning interest in our position as we don't work anymore and if we pay the debt down it increases our cashflow. I am talking about spare money here.
*snigger* last year we upgraded from a $25k property without a proper bathroom to a $65k property with one (give or take a thick layer of blue paint). We've since renovated the dodgy bathroom though and it is very pretty nowJust last week, we used our 40K fully paid title deed to upgrade to a 75K property which actually had a proper bathroom.
Nope. it depends on:Depends on what stage of investing you are at (IMHO).
what strategy you choose. LOE is more efficient, but if you like rental income or rental income suits your circumstance better, each their own.If you have done your sums and are happy with your 'accumulated assets' and choose not to LOE, then no harm in reducing debt to eventually get all the rent to line your pockets.
Just can't help yourself, can you? Do you wear a cape?At the start, where awesome wells obviously is, one could not see any reason. barooogah!
I think he's just in one of "those" moods tonight.Just can't help yourself, can you? Do you wear a cape?
But you'd be better off parking those funds in an offset. If you need to access the funds again for private purposes, you lose deductibility if you've paid down the loan. When talking about $20K, not a big deal, but if the numbers get big and you want to buy a bigger PPOR (for example), it can hurt.
Cheers. I will keep this in mind when i'm ready to pull up stumps. That maybe 10 years until LOE and another 10 before a full wind down.hi awesome
LOE and IO will get you to retirement faster but once you are there and if you have enough money to live your lifestyle and then some, paying off some of the debt will only increase your returns. I am well aware that investment gurus have been pushing the never pay down your debt stratgy for the last few years and I was going to do it myself (probably still will to some extent if I stop trading) but my accountant has shown me some figures on what we can achieve by using the money we have now to pay down debt. It is quite simple maths.
Just can't help yourself, can you? Do you wear a cape?