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Updated about 5 years ago on . Most recent reply

User Stats

83
Posts
12
Votes
Steve Kirsch
  • Hilo, HI
12
Votes |
83
Posts

Pay off mortgage or continue cash flow

Steve Kirsch
  • Hilo, HI
Posted

Hey All,

Recently, one of my SFH mortgages have decreased by $100+ per month. Your thoughts on applying that directly to the principle to pay it down faster (I do not plan on keeping the property more than 10 years. Acquired just 2 1/2 years ago), or save keep building up the cash flow to use for future expenses and other aspects of the business?

Looking forward to your responses.

thanks.

Steve

Most Popular Reply

User Stats

854
Posts
506
Votes
Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
506
Votes |
854
Posts
Soh Tanaka
  • Property Manager
  • Lindenhurst, IL
Replied

Keep the cash. Your mortgage rate should be pretty low compare to what you can get in return in general from the $100.

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