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Updated over 11 years ago on . Most recent reply

Pay More, or Save and Buy??
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