Paying Off Your Mortgage

Is paying off your mortgage or debt first better than just investing? Here is a wonderful article from Deborah L Jacobs, Personal Finance writer for Forbes.

As a personal finance writer I hear a lot of investment advice. To my skeptic’s eye, much of it is too risky, unnecessarily complicated or involves hidden fees. The best advice I ever received was to pay off my mortgage. I did that seven years ago and have been reaping the benefits ever since.

This advice came not from a financial advisor, but from Marc Eisenson, an engineer and electrical contractor who is now retired. In 1991, shortly after I changed careers — from law to journalism — he sent me a copy of his book The Banker’s Secret (Villard Books). It came with software that you could use to calculate how much money you could save in interest by paying off your mortgage more quickly than the bank requires.

Full Story The Best Investment Advice I Ever Received

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Buying Investment Property with Cash

Is is better to buy investment property with cash or a mortgage?  Check out the thoughts of Chris Joseph, an eHow.com contributor for reasons why it might be.

Prospective real estate investors may choose to purchase a property in cash instead of taking out a mortgage. According to the SmartMoney website, as many as 60 percent of investors were using cash to purchase second properties as of 2011. Although using cash may deplete financial reserves, it does offer a number of advantages for potential investors. 

Read more: The Advantages of Paying Cash for Investment Properties

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