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Updated almost 4 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Dhiren Ahir
  • New to Real Estate
  • Dallas-
4
Votes |
21
Posts

Need Advice paying mortgages

Dhiren Ahir
  • New to Real Estate
  • Dallas-
Posted

Hi newbie here. I need your advice weather I should aggressively payoff any of following mortgages or save up to buy more.

Primary residence. 328k @ 2.75%

Rental property 1, 133k @ 3.12%

Rental property 2, 170k@ 3.50%.

Both rental properties are occupied and leased for 2 years. Currently I can afford to pay 5k/month more towards any of above. Greatly appreciate your inputs.

Thanks

  • Dhiren Ahir
  • Most Popular Reply

    User Stats

    5,116
    Posts
    5,172
    Votes
    Kyle J.
    • Rental Property Investor
    • Northern, CA
    5,172
    Votes |
    5,116
    Posts
    Kyle J.
    • Rental Property Investor
    • Northern, CA
    Replied

    @Dhiren Ahir  Those are great interest rates.  I wouldn't pay them off.  Surely you can find better ways to invest your money that would earn you more than 2.75-3.5%.  

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