Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
William Vargas
  • Investor
  • San Antonio, TX
0
Votes |
3
Posts

Seeking Advice for my Rental Portfolio

William Vargas
  • Investor
  • San Antonio, TX
Posted

Hello all, I'm looking for input as to what the pros and cons would be for

some options I'm considering.

I currently have an 8 SFR portfolio with remaining balances ranging from $3k to $96k (see attached screenshot). I've been considering putting all of my monthly profits towards paying off my properties and getting the snowball of mortgage-free cashflow started.

I'm currently in the Air Force, 35 years old, and have about 8 years until retirement. It would be great to have them paid off by the time I retire so I can be done working for good at that point... Military retirement + mortgage-free cash flow. I'm not married to that idea as I have will have a lot of good job prospects after retirement based on my job, it's just an option I've thought about.

What pros and cons do you see with the early payoff strategy? Any advice either way? 

Thanks all!

Loading replies...