Honestly, it makes me a little nervous and has me questioning if I am lopsided in my investments. (Too much real estate?)
The one I’m considering paying off is a commericial property, and I also have a vacation rental in another country that does well and is only borrowed at 3%. So between those two plus my home, I have 1.65 in real estate with about a million of that still being mortgages. The one in question is only about 1.5k month cash flow after paying the note/taxes/insurance and that would decrease next year with a higher rate.

I have 200k between my sep and Roth, and then another 25k in my child’s 529. Im 30
I know the retirement account is low, but I have certain limits each year and no matching 401k.

Sorry for all the info, I just feel like I’m hitting a wall in which direction to go with future investments and feel very unsure of myself.

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Posted by Jag_Warrior

Virginia

Member since May 2015

4181 posts

Posted on 7/13/18 at 1:53 pm to jsquardjj

Is the commercial property something that you plan to keep until it's paid off, or at least longer term? If yes, are you at an LTV level that you could secure a fixed rate 10 year+/- commercial loan? I don't know what sort of loan terms you have now or what sort of relationship you have with your bank, but in this interest rate environment, that might be something you'd want to explore.

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Posted by TheWiz

Third World, LA

Member since Aug 2007

11695 posts

Posted on 7/13/18 at 3:49 pm to jsquardjj

quote:
I have 200k between my sep and Roth, and then another 25k in my child’s 529. Im 30 I know the retirement account is low, but I have certain limits each year and no matching 401k.

Ummmm.... That's not low. Not any of that is low.

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Posted by LSUengineer12

The Best Side

Member since Dec 2011

1850 posts

Posted on 7/16/18 at 10:28 am to jsquardjj