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re: Would you pay off a 6.5% rental?
Posted on 2/6/24 at 9:26 am to Billy Blanks
Posted on 2/6/24 at 9:26 am to Billy Blanks
Right in the borderline range. Some of it depends on what you will do with the proceeds.
I was in a similar position a few years back. The rates were different but similar spread. I used the money to buy a small lakehouse. We used it for both personal use and rented it on Airbnb. We are currently selling that property for a huge gain.
I was in a similar position a few years back. The rates were different but similar spread. I used the money to buy a small lakehouse. We used it for both personal use and rented it on Airbnb. We are currently selling that property for a huge gain.
1
Posted on 2/6/24 at 10:04 am to KWL85
quote:
Right in the borderline range. Some of it depends on what you will do with the proceeds.
I was in a similar position a few years back. The rates were different but similar spread. I used the money to buy a small lakehouse. We used it for both personal use and rented it on Airbnb. We are currently selling that property for a huge gain.
A definite hold if we decided to pay it off. It's the easiest rental we have to rent and now fully updated inside and out.
Just not wanting to eat that rent loss when they are in school is the main thing for giving me that itch to do it.
I'd probably take the 2200 each month and plunge it into the market.
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