(11-09-2020, 10:41 AM)Jagwired Wrote:

(11-09-2020, 10:17 AM)StroudCrowd1 Wrote: Gotta use the leverage in your paid off house to borrow money at 3% and pick up some more!

 I sure could. I have 18 properties including my home I live in. There is only a small mortgage balance on two of them. I am sitting at close to 100% equity in all these properties. I don't need more. My damn credit union has money available at just barely over two damn percent. Where were these friggin rates all the years my mortgages hovered at between 5-8 damn percent?

That is solid for you man. Good for you. Not sure what your age is, but if you have 18 income producing properties where most are paid off, you have it made in the shade.

If it were me personally, i'd get a HELOC or 2 (or 3 or 4), so you have the cash on hand if something amazing comes along. If you never end up using it, the only negative is the bank having a lean on the property.

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