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Nw Iowa | I think a lot depends on what stage in life you are. If you are in your younger years you have to make every dollar work in your favor, how ever you can. Your return on assets is a lot better if you are making money on borrowed as you can leverage your own money even further. If you are getting close to retirement you better have some assets pd off. I have seen people that have a lot of net worth but have too much debt that have a hard time trying to figure out a retirement strategy without selling off a major asset. Right now a 10000 a acre purchase takes 2 other acres debt free if you put no money down on new purchase. You net worth show 3 acres with only a 3300 debt a acre but those 3 acres throwing off very little eXtra cash flow if any after taxes, interest and principal repayment. It doesn’t nessaryi mean that it is a bad investment but not going to send you very far in your retirement | |
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