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Should you be concerned about paying off rental properties quickly? Should you do the 30-year plan? Many people have the goal of paying off their mortgage as soon as possible, thinking it will make them wealthy. But doing so allows the bank to dictate your life.
Kris Krohn and Steven Michael Miller explain why they don't recommend this, and what the better strategy is. You actually want to pay as little as possible and let your money work for you. You need a strategy for rolling it into the next property.
Watch and Enjoy!
Kris Krohn & Nate Woodbury
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Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0
Video by Nate Woodbury (The Hero Maker)