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Updated over 4 years ago on . Most recent reply

Account Closed
  • Property Manager
  • Salt Lake City, UT
5
Votes |
11
Posts

Pay for a dupex with cash or let tenant pay down loan?

Account Closed
  • Property Manager
  • Salt Lake City, UT
Posted

I have 2 duplexes and both have a true cash flow of $700 a month. Am I better off letting my tenants pay off my mortgage or pay off the loan right now? I can either fake the cash I have and invest in more real estate or pay off one of my mortgages.

Most Popular Reply

User Stats

231
Posts
221
Votes
Colin Reid
  • Investor
  • St Petersburg, FL
221
Votes |
231
Posts
Colin Reid
  • Investor
  • St Petersburg, FL
Replied

Cash is king right now. I'm saving as much of my own cash as possible. My units are all paying, but with the crazy economy right now, I want to be prepared for rents to stop.

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