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.