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re: Debt Payoff Strategy Advice

Posted on 7/16/13 at 9:09 am to
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6550 posts
Posted on 7/16/13 at 9:09 am to
It seems as though your bills are FAR LESS than your income. Don't over analyze your situation. If you want to pay the car note from the excess rental income I would say good idea. Neither debt seems significant enough to say you're getting hosed on interest.

ETA: Those I know that have mobile homes as rentals tend to buy and flip some every so often or do lease to owns. That provides them with extra cash flow to pay off their rental properties.
This post was edited on 7/16/13 at 9:16 am
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