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Reply to "Pay off investment properties or buy new ones - what would you do?"
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[quote=Anonymous][quote=Anonymous]Congrats to you OP! You've accumulated a nice portfolio. I would keep acquiring properties. In this area, we seem to be recession proof. If you look at the jobs forecast (50,000 new jobs a year for the next 10 years), there will be a demand for housing. We are also at historically low interest rates so I think in 10 years you'll be very thankful that you invested with fixed rates around 4%. [b]You mentioned you come back once a year for R&R. You probably already do this, but be sure to write off the cost of the trip and hotel when you come back b/cs you're inspecting the properties and it's a legitimate tax deduction[/b]. Good luck to you![/quote] They can't do this - the government pays for R&R. [/quote]
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