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re: Would you pay off a 6.5% rental?
Posted on 2/5/24 at 3:09 pm to Billy Blanks
Posted on 2/5/24 at 3:09 pm to Billy Blanks
I'm confused... Are you asking if you should pay off a rental that has a 6.5% interest rate?? A few questions you should ask yourself:
1. On my other rentals, do I have any loans that are coming due and potentially the monthly payment will increase?
2. Do I have any other rentals where the lump sum that I received will payoff any other loan thus creating a snowball affect(effect?) to be able to pay off all loans faster?
3. Do I have any deferred maintenance that needs to be taken care of and possibly increase the rent of another rental?
1. On my other rentals, do I have any loans that are coming due and potentially the monthly payment will increase?
2. Do I have any other rentals where the lump sum that I received will payoff any other loan thus creating a snowball affect(effect?) to be able to pay off all loans faster?
3. Do I have any deferred maintenance that needs to be taken care of and possibly increase the rent of another rental?
This post was edited on 2/5/24 at 3:11 pm
1
Posted on 2/5/24 at 3:30 pm to b-rab2
Yes, asking about paying off.
1. Property taxes and insurance have gone up across the board but still cash flowing decently.
2. Considering this one only because it’s the highest rate one.
3. No, all the others have new appliances, floors, water heaters, and hvac
1. Property taxes and insurance have gone up across the board but still cash flowing decently.
2. Considering this one only because it’s the highest rate one.
3. No, all the others have new appliances, floors, water heaters, and hvac
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