Ask Paula: I’m Recently Retired. Do I Pay Off My Rentals Or Buy More Real Estate?
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Yvette's Question: Should You Retire?
Yvette, you have $1.6 million coming in and outstanding loans on your properties of a little bit over half a mill. You would be able to write a check and get rid of your mortgage balances - but should you? Yvette: I retired from my job so that I could devote more time to real estate. That's what I want to be doing. So for you, you're passionate about it. You want to be more into it. This is important because it distinguishes you from people who maybe want real estate in their portfolio, but they want it to be as passive or as residual as possible.
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