Which rental property should I pay off first?

[Marc Jackson]

I have 3 rental properties and trying to figure out which one I should pay off first. I want to accelerate the pay off and put any extra amount all towards one. Trying to figure out which makes the most sense. Can you guys help? Here are the property specifics: Property 1: Property value $450K Owe $185K @ 5.25% Rental income gross revenue = $46K Approximate net income (with zero mortgage) = $35K Short term vacation rental Property 2: Property value $300K Owe $171k @ 5.25% Rental income gross revenue = $35K Approximate net income (with zero mortgage) = $19K Short term vacation rental Property 3: Property value $210K Owe $100K @ 3.25% Rental income gross revenue = $14K Approximate net income (with zero mortgage) = $11K LONG term rental (same renter for 5 years)

[Thomas S.]

"which one I should pay off"

"my wife doesn’t want me to purchase more"

It would be smarter and more financially beneficial to pay off your wife.