Paying off primary residence vs buying a rental

[Pete Linn]

I have 3k surplus monthly. I have been throwing into my primary residence at 6 % 30yr fixed. I own two rental property one is paid off and the other one is at 2.75% 30yrs fixed I don’t plan on paying it off early because of the low rate. My question is, should I continue to pay primary residence off or looking into buying my 3rd rental property? Thank you all.

[Henry Clark]

REI is about leverage. If you plan to scale paying off early is not an option.

If it works with your lifestyle I would make the paid off unit your primary for two years so you can sell it tax free.  This assumes you have a lot of capital gain tied up in it.  

Assume your current primary you have little gain since your rate is 6%.

You might also look at any value add you can do to the three properties.