1147: Q&A: Should I Use My Equity to Pay Off My Rental Property? - Episode 1147

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.4 • 1.1K Ratings

🗓️ 14 April 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's first caller has $200k in equity in his primary home. He's thinking about leveraging his equity in order to pay off a rental property. Is that a good idea? That's the first question I'm answering on today's show!

This encore Q&A episode of Investing in Real Estate features three great listener questions on using equity to pay off debt, what to consider before you sell a rental property, and changes to the mortgage interest deduction in 2025.

Transcript

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0:00.0	The cash iser from Marcus by Goldman Sachs.
0:03.0	Created with a high performance rate to 4.3% AER.
0:07.0	With an app that lets you manage your savings on the go.
0:10.0	And underpinned by over 150 years of Goldman Sachs expertise.
0:15.0	A cash icer that really stacks up.
0:20.0	Marcus by Goldman Sachs.
0:22.3	Interest rate is 4.3%.
0:23.4	AER, 4.22% tax-free variable includes a bonus rate of 0.49% tax-free fixed for the first 12 months.
0:28.2	Rate, corrects of 26 March 2025.
0:35.4	Welcome everybody to the Investing in Real Estate Show. I'm Clayton Morris, long-time real estate investor and founder of the full-service rental real estate company called Morris Invest. Good to see all of you. Thank you so much for taking time out of your day to build up your financial education. And today's our Q&A episode. So people are able to call in, leave us a question about
0:55.0	taxes, real estate investing, the markets, whatever's on their mind. And we will attempt to
1:00.2	answer it here on the show. Please come over to our website if you'd like to leave a voicemail
1:04.8	question. We've got tons of great blog posts over there, information and resources to help you
1:09.2	become a real estate investor. And there's a microphone icon on the front page of morrisinvest.com.
1:15.3	Click on that and you can leave us a 30 second voicemail question, if you please.
1:19.7	Okay, let's dive into it today.
1:21.4	We've got a couple of great calls here.
1:23.1	Let's start with Carl.
1:24.7	Hi, Clayton.
1:25.7	My name is Carl.
1:26.6	I'm from California.
1:31.1	I have about 200K of equity in my primary home and my second home is breaking even on rent to mortgage. Does it make sense to cash
	...

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