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Rainer
28,213
Blanca Barajas
Winter Group - Las Vegas, NV

I plan on buying my first home all cash so yes.

Oct 25, 2015 11:31 AM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

In  a word - yes

Oct 25, 2015 07:33 AM
Rainmaker
633,936
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I agree with Doyle Lee Austin Davison Iv unless you aren't good at making your money work for you, getting more ROI than you're paying in interest minus your tax write off.

Oct 25, 2015 06:20 AM
Rainmaker
1,209,989
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My plan is to pay off all my homes.  Right now my tenants are paying off the rentals and my house!

Oct 26, 2015 05:45 AM
Rainmaker
1,366,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Richie Alan Naggar Did that a long time ago.

Oct 26, 2015 12:11 AM
Ambassador
4,298,221
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Richie Alan Naggar with kids schools and college, it had been a challenge. Now that they are 'done', I am on my way to start paying off for my expensive mansion!

Oct 25, 2015 10:21 PM
Ambassador
1,610,056
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Richie, we paid off three of our investment properties in the last three years, and currently have only 5 years left on our home.

Oct 25, 2015 10:00 PM
Rainmaker
3,163,622
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Just sold a home and renting currently. Debating next move to pay cash or get a mortgage. With rates this low, a mortgage makes sense!

Oct 25, 2015 09:41 PM
Rainmaker
2,230,293
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Richie. Heck no, need the write off, so as long as it is available, will take advantage of it.

Make it a great week!

Oct 25, 2015 07:31 PM
Ambassador
2,758,460
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Monday morning Richie. My house is paid for.

Oct 25, 2015 06:52 PM
Rainmaker
534,000
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

We own four homes and I can see having two paid off, selling one and living in our current home with a mortgage.

Oct 25, 2015 05:01 PM
Rainmaker
2,699,797
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Richie, this is very good question.

Oct 25, 2015 02:28 PM
Ambassador
1,769,665
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Yes done, Richie.

Oct 25, 2015 12:34 PM
Rainmaker
4,018,153
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am within a few years, and getting excited! 

Oct 25, 2015 12:18 PM
Ambassador
4,049,463
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

No, not anytime in the near future.

Oct 25, 2015 12:09 PM
Rainmaker
797,159
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Richie - Would like to have home all paid off, but haven't gotten there yet. Still need a few more years, or a few really big deals.

Oct 25, 2015 11:56 AM
Rainmaker
2,430,213
Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Paid for

Oct 25, 2015 11:07 AM
Rainmaker
1,523,560
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I'll  probably pay off my current home in a few years when I no longer need the tax write off for the mortgage interest.

Oct 25, 2015 09:44 AM
Ambassador
2,286,939
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Richie, I chose to do this long ago.. I am debt free.  It's a great feeling and I don't know how it would feel to have a loan on something.  

Oct 25, 2015 07:32 AM
Ambassador
3,981,932
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Done it and it feels wonderful. I highly recommend it as a goal.

Oct 25, 2015 07:24 AM
Rainmaker
1,675,306
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Still working on it.  Someday, I hope!

Oct 25, 2015 07:04 AM
Rainmaker
845,955
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

I own 2 free and clear but my home has a small mortgage for right off/tax purposes. Once I retire that will be history though!

Oct 25, 2015 06:27 AM
Ambassador
2,848,810
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Yes, that's the plan.  Hopefully in the next 7 or so years.

Oct 25, 2015 06:25 AM
Rainmaker
230,398
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

not until i retire. then i will . just in case...

Oct 25, 2015 06:03 AM
Rainer
276,941
Doyle Lee Austin Davison Iv
Surf City Realty 714-968-6767 - Huntington Beach, CA
28+ years serving Investors Banks Buyers-sellers

I say use the bank if monies are under 5%. thats cheap in my opinion.  better off keeping your liquid cash. answer.. paying off second that is over 5%..

Oct 25, 2015 06:00 AM