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内容由Real Estate Financial Planner LLC and James Orr and James Orr提供。所有播客内容(包括剧集、图形和播客描述)均由 Real Estate Financial Planner LLC and James Orr and James Orr 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal
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Is It Better to Pay Off Your Owner-Occupant Mortgage When Nomading?

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Manage episode 379032243 series 3467023
内容由Real Estate Financial Planner LLC and James Orr and James Orr提供。所有播客内容(包括剧集、图形和播客描述)均由 Real Estate Financial Planner LLC and James Orr and James Orr 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Most real estate investors consider themselves financially independent when the income from all of their investments exceeds their personal expenses. To achieve this, they need net positive cash flow from all rental properties after all expenses, any income generated from stocks, bonds, or other investments times a safe withdrawal rate, and any social security, pensions or annuities.

On the expense side, they need to consider all personal expenses, such as food, taxes, insurance, entertainment, healthcare, and housing. If they have a mortgage on their personal residence, that would include their mortgage payment. However, paying off the mortgage effectively reduces the amount of income needed to cover expenses by the amount of the mortgage payment that no longer exists.

If you have extra money invested in stocks, bonds, or other assets and could pay off your mortgage to achieve financial independence, it may be worth considering. This mini-class will explore the impact of paying off your owner-occupant mortgage and its effect on achieving financial independence faster than the traditional Nomad™ strategy. We will also examine how this decision could impact your net worth and compare the risks to the traditional Nomad™ strategy.

Check out the video and interactive charts from this class here:

https://RealEstateFinancialPlanner.com/model/nomad-or-pay-off-oo-fi/

Or, see Cedar Rapids specific, detailed analysis of a variety of strategies here:

https://RealEstateFinancialPlanner.com/model/IA/Cedar_Rapids/


Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Cedar Rapids real estate investor podcast? Book a free consultation to discuss.

  continue reading

114集单集

Artwork
icon分享
 
Manage episode 379032243 series 3467023
内容由Real Estate Financial Planner LLC and James Orr and James Orr提供。所有播客内容(包括剧集、图形和播客描述)均由 Real Estate Financial Planner LLC and James Orr and James Orr 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Most real estate investors consider themselves financially independent when the income from all of their investments exceeds their personal expenses. To achieve this, they need net positive cash flow from all rental properties after all expenses, any income generated from stocks, bonds, or other investments times a safe withdrawal rate, and any social security, pensions or annuities.

On the expense side, they need to consider all personal expenses, such as food, taxes, insurance, entertainment, healthcare, and housing. If they have a mortgage on their personal residence, that would include their mortgage payment. However, paying off the mortgage effectively reduces the amount of income needed to cover expenses by the amount of the mortgage payment that no longer exists.

If you have extra money invested in stocks, bonds, or other assets and could pay off your mortgage to achieve financial independence, it may be worth considering. This mini-class will explore the impact of paying off your owner-occupant mortgage and its effect on achieving financial independence faster than the traditional Nomad™ strategy. We will also examine how this decision could impact your net worth and compare the risks to the traditional Nomad™ strategy.

Check out the video and interactive charts from this class here:

https://RealEstateFinancialPlanner.com/model/nomad-or-pay-off-oo-fi/

Or, see Cedar Rapids specific, detailed analysis of a variety of strategies here:

https://RealEstateFinancialPlanner.com/model/IA/Cedar_Rapids/


Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Cedar Rapids real estate investor podcast? Book a free consultation to discuss.

  continue reading

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