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Updated almost 4 years ago on . Most recent reply

Angel Perez's profile image
Angel Perez's profile image
Angel Perez
  • Rental Property Investor
  • from Prospect Heights, IL
  • Member since Oct 1, 2015
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Angel Perez's profile image
Angel Perez's profile image
Angel Perez
  • Rental Property Investor
  • from Prospect Heights, IL
  • Member since Oct 1, 2015
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Angel Perez
  • Rental Property Investor
  • Prospect Heights, IL
3
Votes |
22
Posts
Starting Out

Should I pay off my rental property that generates 36k per year ?

Angel Perez
  • Rental Property Investor
  • Prospect Heights, IL
Posted

I want to get a second property but must of my money is in the stock market. I have enough money in investments to pay off this house but I don't know if is the right decision if I'm trying to scale.

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Anna L.'s profile image
Anna L.'s profile image
Anna L.
  • Investor
  • from Philadelphia, PA
  • Member since Sep 4, 2016
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Anna L.'s profile image
Anna L.'s profile image
Anna L.
  • Investor
  • from Philadelphia, PA
  • Member since Sep 4, 2016
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Anna L.
  • Investor
  • Philadelphia, PA
43
Votes |
73
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Anna L.
  • Investor
  • Philadelphia, PA
Replied

I would say, better re-finance at the lowest rates ever now and use cash to invest in other rentals. Use BRRRR method and you have an exponential growth to your money. If you pay it off, you'll get hit more on your taxes.

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