This past week is one of the reasons why I chose to pay off the mortgage off of most of my properties. When panic hits the streets, and markets tank, and my 401k is off $80k+ from peak in a little less than 2 weeks….
No matter what, i still have a roof over my head with minimal strings attached to a bank.
In hindsight, it would have been good if I paid off that $39k balance on the last rental property too. Because that amount (after taxes) went out the door in two weeks. lol.
