Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 04/12/2018

User Stats

15
Posts
13
Votes
Paden Anderson
  • Real Estate Agent
  • South Ogden, UT
13
Votes |
15
Posts

Snow balling VS 15 year notes on rentals

Paden Anderson
  • Real Estate Agent
  • South Ogden, UT
Posted

Snow balling vs 15 year notes on rental properties....?  Have any of you ran the numbers to see which is a better strategy on paying down the loans on your properties? We currently have 2 rental properties, one a 4 plex with a 240k balance at 4.5% interest and a duplex with a 155k balance at 5% interest. They are both on a 30 year am.  With an extra 1100 a month I can pay these BOTH of in 15 years OR... would it be better to pay off the duplex first with the extra 1,100 a month and then snow ball it into the 4 plex? Other concern is we are continuing working on adding more properties to the portfolio so within 5 years we could have 5-10 more properties. How do you keep track of them all while paying them off as fast as possible? Or is it best to just save the cash flow and wait for things to calm down and buy more when the opportunity is greater? Thanks in advance for any advice and input. 

Loading replies...