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102 Should I Pay Down Mortgages?
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Mortgages serve as a good way for property investors to leverage their capital and potentially increase their return on investment. However, if your game plan is without a strategy for how to pay off these mortgages, it might become a debt that takes a huge toll on your business. In today’s episode, I’ll be discussing paying down your mortgages as a financial strategy to reduce your debt and build equity in property.
What You’ll Learn:
-The importance of having a strategy when managing and paying off your mortgages
-What you should ask yourself before taking advice from property gurus
-The 2 cycles in property businesses and how to make each one work for you
-What strategic planning is about and how to incorporate it into your property game plan
Always remember that you’re in this business for yourself before using any advice on how to pay off your mortgages. You need to carefully weigh the risks and how it affects your end goal, and then choose the option that aligns with your overall financial strategy and brings you peace of mind.
Resources:
-Let's connect! Send me a VoiceMail
-Download my Property Business Checklist
-My website
-Find me on Instagram
Mentioned in this episode:
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