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Updated over 1 year ago,

User Stats

73
Posts
39
Votes
Andrew Perkins
  • Rental Property Investor
  • Kansas City, KS
39
Votes |
73
Posts

More rentals OR less debt

Andrew Perkins
  • Rental Property Investor
  • Kansas City, KS
Posted

Hello!

Does it make sense to use the appreciation gained from our current rental properties to pay down our primary residence mortgage?  We currently cash flow about $600/month on 2 rental properties.  However, if we were to sell the 2 rentals and refinance our primary, we would either be saving $800/month or could pay our primary residence off in less than 10 years.  This would put me behind on our goal of 8 rental units, but would decrease our expenses and possibly allow us to grow faster with less liabilities.  Or does it make more sense to keep looking for additional rental properties every few years?  I'd really appreciate any thoughts on this!

Thanks!

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