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re: Would you pay off a 6.5% rental?
Posted on 2/5/24 at 10:31 pm to Big Scrub TX
Posted on 2/5/24 at 10:31 pm to Big Scrub TX
quote:
Why would you be in a hurry to pay that back
Anticipating 4-10 years where I'm not getting market rent from my kids. And, it's my only rate, that I don't love at 6.5%
Would get the full cash flow for the next 7-8 years.
I agree with your points regarding my other rentals. Not sure the path on this one.
1
Posted on 2/5/24 at 11:26 pm to Billy Blanks
quote:Yeah, the rate is sort of cuspy. If you have the cash to pay it down, I still lean towards leaving the loan outstanding and re-investing that or, at the very least, getting 5.5% in cash.
I agree with your points regarding my other rentals. Not sure the path on this one.
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