Investment strategies investment properties, 457/401, Roth IRA

[Braxton Warren]

Below I will give you my portfolio and some of my strategies we are considering for the future. Would love any and all input on how you would allocate money to best set your self up if you were in our shoes. To start out we have no debt other than our properties. No car payment no credit card debt. We will be most likely working for next 25 year before retirement. 

We conservatively estimate we can save/net 75,000 yearly between the rental cash flow of two rentals plus our net salary. This also includes subtracting ALL expenses and bills for example mortgages, bills, vacation etc..

So 75,000 a year to invest/ save. Here is our portfolio (not very diversified, very real estate heavy)

Property 1 (primary): 
owe 470,000 rate 3.375%

Property 2 (rental):.                                Owe 176,000 rate 4.125%

Property 3 (rental):                                       Owe 137,000 rare 4.0

More on our portfolio:

My employer takes 12% of income for a defined pension that had been accounted for in the 75,000

My employer matches 2% and I put 4% into a 457 account that has been accounted for in the 75,000

My fiancé puts 4% into her 401k unmatched again, this has been accounted for.

So what do you do with 75,000 annually?

1. Start paying off mortgages starting with rental 3, 2, then 1?

2. Max out 457 (total of 19,500) open up and max out a Roth IRA (total 5,500) And then whatever is left work on paying off mortgage debt?

3. Continue to put money into the rental market? We live in Colorado where prices have skyrocketed it’s very difficult to find properties to get a decent return on.

4. Give me what you would do to maximize investments and set up for retirement?!