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Updated 10 months ago on . Most recent reply

User Stats

22
Posts
7
Votes
Phil Shelton
7
Votes |
22
Posts

paying off rental property loans - which loan first

Phil Shelton
Posted

All of these properties generate cash flow, besides my primary residence. Considering this, which debt makes the most sense to pay off?

RateBalance
3.125$700,000 (PRIMARY HOME)
4.5$375,000
4.875$490,000
3.875$521,000
3.625$1,000,000
4.4$607,000
6.625$784,000

Most Popular Reply

User Stats

6,603
Posts
6,948
Votes
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
6,948
Votes |
6,603
Posts
Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
  • Investor
  • Shelton, WA
Replied

Congrats on the list, and all returning cash!! To me interest rate is just another expense like insurance and tax. Instead look at the total return and rank them that way for a more comprehensive list of your properties. 

I am generally reluctant to sell a property, they have all taken some effort to get decent returns and why give that up unless it is going to be a dog moving forward.

All the best! 

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