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re: Would you pay off a 6.5% rental?
Posted on 2/6/24 at 7:34 am to Ace Midnight
Posted on 2/6/24 at 7:34 am to Ace Midnight
And if he itemizes and gets a tax benefit, the delta between the mortgage and the cash is even smaller. I generally would think of paying off that high of a rate but it would be under circumstances where you still have plenty cash leftover and you weren’t using it for a tax advantage.
Posted on 2/6/24 at 8:49 am to lynxcat
quote:
I generally would think of paying off that high of a rate but it would be under circumstances where you still have plenty cash leftover and you weren’t using it for a tax advantage.
In this case, I'd have plenty. Wouldn't touch a dime of current liquid money or impact other investments.
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