Has any investor managed to pay off entire mortgage investment property?

moneymakeover said:

If there is no debt and no mortgage then it becomes profitable

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This is false.

Profit = gross rental income less interest less other expenses (e.g maintenance).

The repayment of capital is not an expense.

The repayment of capital is saving, it is not a cost.



Think about it, you only pay tax on profits. Therefore, if you are paying tax, then you must be making profits!!!

Protocol said:

Like many Irish landlords, there seems to be a confusion here between cashflow and profits

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And the debt is paid off
Like many contributors in AAM there seems negativity towards property independent

Thanks for all the insights

Couldn't do it without you

If it helps the pedants here, I have re worded the question removing mention of profits

Now guys... Bring it on!

paid off their investment property loan entirely

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Yes. And so these days I pay cash for my properties.

moneymakeover said:

Correct, my cash
And the approach is correct too
And you not answering my question

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@DannyBoyD is correct. Your approach is wrong.
Strange posting style for someone looking for advice or asking a question, obscure as it is.

Luternau said:

@DannyBoyD is correct. Your approach is wrong.
Strange posting style for someone looking for advice or asking a question, obscure as it is

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just read the question

moneymakeover said:

just read the question

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moneymakeover said:

Just wondering if anyone here paid off their investment property loan entirely?

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Persia said:

I've paid off 4 investment mortgages,

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Premos said:

I did.

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moneymakeover said:

I'm interested to hear from anyone who has paid down the investment mortgage loan and now owns the property free and clear.
And if it made a big difference to your life

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I think the issue you've run into relates to the type of poster you'll find on AAM.

As you've probably noticed from the replies, a lot of posters here aim to maximise wealth so would champion a different approach to what you are proposing.

As it's unlikely you'll find many people who can relate to your approach perhaps a different online forum would better suit your query. Of course the problem there is it's always possible non-AAM forums may have posters who are equally focused on wealth maximisation.