Huston55
Thinks s/he gets paid by the post
I have a rental property that is close to break even and on which I have a mortgage of ~$170k at 5%. I'm considering paying down the mortgage to get the equivalent of a guaranteed 5% return on the pay-down $$$. I would pay down the mortgage to the point that expenses and depreciation canceled out positive cash flow, to avoid taxes.
Is there a down side to this? Other thoughts?
Is there a down side to this? Other thoughts?