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Updated about 8 years ago on . Most recent reply

Andy Wayne's profile image
Andy Wayne's profile image
Andy Wayne
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Aug 12, 2013

User Stats

18
Posts
1
Votes
Andy Wayne's profile image
Andy Wayne's profile image
Andy Wayne
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Aug 12, 2013
Andy Wayne
  • Rental Property Investor
  • Indianapolis, IN
1
Votes |
18
Posts
Private Lending & Conventional Mortgage Advice

Mortgage Balance Question

Andy Wayne
  • Rental Property Investor
  • Indianapolis, IN
Posted
Hello All, What are the thoughts on paying off a mortgage prior to buying my next rental property? I could have a rental ($35k owed) and my home ($103k owed) paid off in the next three years. Does this make sense to do prior to purchase our next rental property? I don’t want to be too leveraged...having two mortgages right now makes me somewhat nervous already. Thanks, Andy
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