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.
Starting Out
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 almost 11 years ago,

User Stats

27
Posts
0
Votes
Gary West
  • El Paso, TX
0
Votes |
27
Posts

Need Financial Math Guru to Help Set Goals

Gary West
  • El Paso, TX
Posted

Hello All,

I need someone who is strong in math and or spreadsheets to help me with goal setting.

Here is the situation: I want to own (free and clear) 15 properties as soon as possible.

The first one will paid off in February 2014.
Then ill buy another and put 4k per month towards its pay off. (110k loan)

Rinse and repeat x15. Each time using the income from the previous properties to pay off the next one. Add 4k per month of my own money to the payments.

As you can see each property gets paid of at an increasing rate.

MY QUESTION: Will paying off other debt and using the extra money for investing slow my progress or speed it up?

My thoughts are to not worry about my current non mortgage debt and put all my cash into investments. Can you prove mathmatically that I should pay off debt first or even concurrently with investing? Can you show me the benefits of such?

Whats faster? Paying off debt (80k at 8%interest , 9 different loans w varying amounts) using a portion of my 4k per month investment budget or focusing on investment property soley?

Which path is best/faster for achieving the 15 properties free and clear?

Thanks so much.

Loading replies...