Freckle has been making some good points.
Personally, what I am trying hard to do is getting my financial house in order.
It would be very simple, if I could actually get all of our tenants to pay their rent... (we have evicted 4 this month)..
Instead it is a 2 steps forward and a 1 step backwards every month.
I'm just hoping I can accomplish it in time...
In these economic times I need 10 years, and then I can breath a sigh of relief.
if I don't have 10 years...I will still survive...but it would mean working a lot harder.
The closer we get to paying off the properties, the harder it is getting, because we are decreasing our mortgage interest deductions...but our mortgage payments are staying the same...which means we need to pay more income income tax...
We have options to get around this...which we are just starting to utilise.
Personally, what I am trying hard to do is getting my financial house in order.
It would be very simple, if I could actually get all of our tenants to pay their rent... (we have evicted 4 this month)..
Instead it is a 2 steps forward and a 1 step backwards every month.
I'm just hoping I can accomplish it in time...
In these economic times I need 10 years, and then I can breath a sigh of relief.
if I don't have 10 years...I will still survive...but it would mean working a lot harder.
The closer we get to paying off the properties, the harder it is getting, because we are decreasing our mortgage interest deductions...but our mortgage payments are staying the same...which means we need to pay more income income tax...
We have options to get around this...which we are just starting to utilise.