The major expense that you’re going to have on your property is going to be your mortgage. Wouldn’t it be great if you could pay it off faster and if you no longer had that mortgage to pay?
If that was an investment property that means you automatically get a massive influx of cash flow because you don’t have that mortgage to pay for and if that’s your own home then again you’ve got a massive influx of cash flow because your expenses have now dropped dramatically.
When all of your friends are renting in the area imagine owning a home without a mortgage and so all you are paying is council rates and insurances and so forth. You it would be living the dream. So how can we pay off our home faster?
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