Last year, I posted my journey of paying back $600K loan in 5 years (strictly follow the table below) and the post was locked by Skykiwi for no reason, many people questioned why I have to pay back so fast, why don't I use the money to buy more properties etc. The answer to your question is why rush? The Cycle is never wrong.
Part 2 of my journey is i used my free mortgage property (5 investment property) to borrow another sum of money in the form of unused overdraft, which I am ready to use to buy few more property in the buyer markets. This Cycle is happening all over again. Again, it won't be rush, it will be choosing the good stocks in the market when it is a buyer market.
I will share Part 3 of the story in a few years time.
| Period | Repayment Amount | Principal Paid | Interest Paid | Accumulative Principal Paid | Accumulative Interest Paid | Principal To Pay | | Year 1 Period 1 | $11,322 | $8,822 | $2,500 | $8,822 | $2,500 | $591,177 | | Year 1 Period 2 | $11,322 | $8,859 | $2,463 | $17,682 | $4,963 | $582,317 | | Year 1 Period 3 | $11,322 | $8,896 | $2,426 | $26,578 | $7,389 | $573,421 | | Year 1 Period 4 | $11,322 | $8,933 | $2,389 | $35,512 | $9,778 | $564,487 | | Year 1 Period 5 | $11,322 | $8,970 | $2,352 | $44,482 | $12,130 | $555,517 | | Year 1 Period 6 | $11,322 | $9,008 | $2,314 | $53,490 | $14,445 | $546,509 | | Year 1 Period 7 | $11,322 | $9,045 | $2,277 | $62,536 | $16,722 | $537,463 | | Year 1 Period 8 | $11,322 | $9,083 | $2,239 | $71,619 | $18,962 | $528,380 | | Year 1 Period 9 | $11,322 | $9,121 | $2,201 | $80,741 | $21,163 | $519,258 | | Year 1 Period 10 | $11,322 | $9,159 | $2,163 | $89,900 | $23,327 | $510,099 | | Year 1 Period 11 | $11,322 | $9,197 | $2,125 | $99,097 | $25,452 | $500,902 | | Year 1 Period 12 | $11,322 | $9,235 | $2,087 | $108,333 | $27,539 | $491,666 | | Year 2 Period 1 | $11,322 | $9,274 | $2,048 | $117,607 | $29,588 | $482,392 | | Year 2 Period 2 | $11,322 | $9,312 | $2,009 | $126,920 | $31,598 | $473,079 | | Year 2 Period 3 | $11,322 | $9,351 | $1,971 | $136,271 | $33,569 | $463,728 | | Year 2 Period 4 | $11,322 | $9,390 | $1,932 | $145,662 | $35,501 | $454,337 | | Year 2 Period 5 | $11,322 | $9,429 | $1,893 | $155,091 | $37,394 | $444,908 | | Year 2 Period 6 | $11,322 | $9,468 | $1,853 | $164,560 | $39,248 | $435,439 | | Year 2 Period 7 | $11,322 | $9,508 | $1,814 | $174,069 | $41,062 | $425,930 | | Year 2 Period 8 | $11,322 | $9,548 | $1,774 | $183,617 | $42,837 | $416,382 | | Year 2 Period 9 | $11,322 | $9,587 | $1,734 | $193,205 | $44,572 | $406,794 | | Year 2 Period 10 | $11,322 | $9,627 | $1,694 | $202,832 | $46,267 | $397,167 | | Year 2 Period 11 | $11,322 | $9,667 | $1,654 | $212,500 | $47,922 | $387,499 | | Year 2 Period 12 | $11,322 | $9,708 | $1,614 | $222,208 | $49,536 | $377,791 | | Year 3 Period 1 | $11,322 | $9,748 | $1,574 | $231,957 | $51,111 | $368,042 | | Year 3 Period 2 | $11,322 | $9,789 | $1,533 | $241,746 | $52,644 | $358,253 | | Year 3 Period 3 | $11,322 | $9,830 | $1,492 | $251,576 | $54,137 | $348,423 | | Year 3 Period 4 | $11,322 | $9,870 | $1,451 | $261,447 | $55,589 | $338,552 | | Year 3 Period 5 | $11,322 | $9,912 | $1,410 | $271,359 | $56,999 | $328,640 | | Year 3 Period 6 | $11,322 | $9,953 | $1,369 | $281,313 | $58,369 | $318,686 | | Year 3 Period 7 | $11,322 | $9,994 | $1,327 | $291,308 | $59,696 | $308,691 | | Year 3 Period 8 | $11,322 | $10,036 | $1,286 | $301,344 | $60,983 | $298,655 | | Year 3 Period 9 | $11,322 | $10,078 | $1,244 | $311,422 | $62,227 | $288,577 | | Year 3 Period 10 | $11,322 | $10,120 | $1,202 | $321,543 | $63,429 | $278,456 | | Year 3 Period 11 | $11,322 | $10,162 | $1,160 | $331,705 | $64,590 | $268,294 | | Year 3 Period 12 | $11,322 | $10,204 | $1,117 | $341,910 | $65,708 | $258,089 | | Year 4 Period 1 | $11,322 | $10,247 | $1,075 | $352,157 | $66,783 | $247,842 | | Year 4 Period 2 | $11,322 | $10,290 | $1,032 | $362,448 | $67,816 | $237,551 | | Year 4 Period 3 | $11,322 | $10,332 | $989 | $372,780 | $68,805 | $227,219 | | Year 4 Period 4 | $11,322 | $10,375 | $946 | $383,156 | $69,752 | $216,843 | | Year 4 Period 5 | $11,322 | $10,419 | $903 | $393,576 | $70,656 | $206,423 | | Year 4 Period 6 | $11,322 | $10,462 | $860 | $404,038 | $71,516 | $195,961 | | Year 4 Period 7 | $11,322 | $10,506 | $816 | $414,545 | $72,332 | $185,454 | | Year 4 Period 8 | $11,322 | $10,550 | $772 | $425,095 | $73,105 | $174,904 | | Year 4 Period 9 | $11,322 | $10,593 | $728 | $435,689 | $73,834 | $164,310 | | Year 4 Period 10 | $11,322 | $10,638 | $684 | $446,327 | $74,518 | $153,672 | | Year 4 Period 11 | $11,322 | $10,682 | $640 | $457,009 | $75,159 | $142,990 | | Year 4 Period 12 | $11,322 | $10,726 | $595 | $467,736 | $75,754 | $132,263 | | Year 5 Period 1 | $11,322 | $10,771 | $551 | $478,508 | $76,306 | $121,491 | | Year 5 Period 2 | $11,322 | $10,816 | $506 | $489,324 | $76,812 | $110,675 | | Year 5 Period 3 | $11,322 | $10,861 | $461 | $500,186 | $77,273 | $99,813 | | Year 5 Period 4 | $11,322 | $10,906 | $415 | $511,093 | $77,689 | $88,906 | | Year 5 Period 5 | $11,322 | $10,952 | $370 | $522,045 | $78,059 | $77,954 | | Year 5 Period 6 | $11,322 | $10,997 | $324 | $533,043 | $78,384 | $66,956 | | Year 5 Period 7 | $11,322 | $11,043 | $278 | $544,087 | $78,663 | $55,912 | | Year 5 Period 8 | $11,322 | $11,089 | $232 | $555,176 | $78,896 | $44,823 | | Year 5 Period 9 | $11,322 | $11,135 | $186 | $566,312 | $79,083 | $33,687 | | Year 5 Period 10 | $11,322 | $11,182 | $140 | $577,495 | $79,223 | $22,504 | | Year 5 Period 11 | $11,322 | $11,228 | $93 | $588,724 | $79,317 | $11,275 | | Year 5 Period 12 | $11,322 | $11,275 | $46 | $600,000 | $79,364 | $0 |
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匿名
发表于 2019-4-12 13:40:04
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所以，我应该接下来的几年，会好好学习一下房地产相关知识
不敢触碰。 除非我以后了解了房产相关知识。