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Updated over 11 years ago on . Most recent reply

User Stats

108
Posts
23
Votes
Shuai Zeng
  • Investor
  • Los Angeles, CA
23
Votes |
108
Posts

Pay More, or Save and Buy??

Shuai Zeng
  • Investor
  • Los Angeles, CA
Posted

Morning All.

Just want to get your opinion on this. Currently I have this rental, I'm trying to figure out should I either pay just the mortgage and save up, or pay more which I'm currently doing. My current tenant is 7 month contract.

Rent: $850

Property Management Fee: -$100 (They do 10% no less than a 100)

Lawn Care: -$50

Insurances: -$100

Mortgage: -$500

Misc: -$50

Totaling : +$150 around

Currently I'm paying $1,000 to mortgage, and my rate is 4.21%.

Any Suggestion would be great.

Thanks

-Sean

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