Has any investor managed to pay off entire mortgage investment property?

[moneymakeover]

Rental yield (based on outstanding mtg) is around 30%. You haven't told us the market value of the property.

Yes okay and what are you suggesting?
What would I do differently?
My plan is to pay it off and then I'll be cash flow positive. Okay I can adjust the duration (remortgage) but the repayments are comfortable.

 

[newirishman]

Gross rental income: 24k
Mortgage interest: 3k
Insurance, repairs, fees etc (say): 3k

18k before taxes is good money in my book. Your average person would need to work 4 months in a full time job to make similar.
And you have an asset at the end.

 

[Itchy]

One of the key benefits of investing in property is the capacity to utilise leverage. It's surprising to see the elimination of leverage being touted as sound investment management.

 

[Fortune]

It's surprising to see the elimination of leverage being touted as sound investment management.

In this case, nothing is being done with the leverage. It's just a unnecessary expense. At the start of the investment, leverage allowed the investment to happen.

 

[ClubMan]

Maybe I have another property

So people are supposed to guess what your overall investment situation is? And yet you moan about the feedback you're getting?