I received an interesting question yesterday from Reader J. Thoma
What do you think about mortgages as a form of debt? Is it worth taking a second mortgage to buy rental property and get income from tenants? Or is it better to pay off the first mortgage ASAP?
How would you answer this question? How do you feel about a second mortgage to buy a rental property? Is that a wise decision in this market – or should J. hold off on getting that second mortgage?
Leave your thoughts in the comments, and later today I’ll post some of the responses.
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Peter Anderson is a Christian, husband to his beautiful wife Maria, and father to his baby boy, Carter. He loves reading and writing about personal finance, and also loves a brisk game of tennis every now and again. You can find out more about him on the about page or check out his design site at http://www.logosforwebsites.com. You can also follow him on Twitter at @moneymatters.
Peter has written 774 articles on Bible Money Matters! Read some more of them in the archive.
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