Off Topic
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Should I Pay My Property Off?
Hey Folks,
I'm in a position where I can apply an additional $4000/month towards one of my investment properties and have it paid in full in approx 1.5 yr. The idea of doing so, then snowballing the other 3 properties sounds like a no-brainer but I know this also puts me in a position to lose the tax deductions thereby increasing my chances of paying more in taxes (1st world problems). Should I move forward with this plan or stack this money for another investment and maintain the "good" debt I have in these properties? What are your thoughts...