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Updated almost 8 years ago,

Mick Regan's profile image
Mick Regan's profile image
Mick Regan
  • Investor
  • from Eldridge, Iowa
  • Member since Mar 19, 2013
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Mick Regan's profile image
Mick Regan's profile image
Mick Regan
  • Investor
  • from Eldridge, Iowa
  • Member since Mar 19, 2013
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Mick Regan
  • Investor
  • Eldridge, IA
0
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3
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General Landlording & Rental Properties

Paying off mortgage or increase principal payments?

Mick Regan
  • Investor
  • Eldridge, IA
Posted
I have 7 rental properties and have accrued cash in the bank. Should I pay off the mortgage in a lump sum and put that extra income into paying off principals of others or just pay more on all of the principals and not do the lump sum pay off?What are the pros and cons?
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