All Forum Posts by: Kiley N.

@Zachary C.

Great question, as always.

I think your research has most of the repayment options covered so I will offer another take on the problem at hand.

While your scenario offers three aspects of the loans (balance, rate, payment), the solutions only address two of them:

Avalanche (rate) and Snowball (balance).  

Given your stated premise of maximizing cash flow (through efficient debt repayment), I would characterize the retirement of monthly payment obligations to be the primary goal.  

From there the questions becomes:  What is the quickest and cheapest road to achieving that goal?  

In this case, paying off C first appears to be the optimal combination of quick (low balance) and impactful (high monthly payment retired).  I believe these two elements outweigh the lower rate.  

The process happens to align with the snowball method in this particular situation.

Time is money and money is time.  When you choose which loan to repay first, you are essentially borrowing from the other three loans to do so.  The price paid is the weighted-average rate of the three.  This is why i would consider paying off A last.  

B and D are much more equal with a slight favoring of D's lower balance over B's slightly higher rate and monthly payment.  

Of course, caveat:  ESID.

@Eddie Knoell

Reach out to @Zachary C. .  He is an owner of Astro Property management whose services may fit the bill.  They've been fantastic for me.  

@Cameron Ysidron

Nice find!  Always enjoy connecting with other REIs in the area.  Let me know how I can help!

@David Gotsill @Daniel Mills 

PM:  @Zachary C.

@Crystal Place

PMed you.

Madison is a hot area with properties going quickly - appreciation.  I would describe Athens as stable and consider it to be somewhat of a middle ground between Madison and 35810.  

Hey @Douglas Vogel 

I agree with @Dave DeMarinis and would recommend both of the above.

@Zachary C. has been great to work with.  

 Bruce, figure out the amount of time it will take you to save up the 20k.  The question then becomes:  Would you be willing to pay the closing costs to have that 20k immediately?  Are you seeing other good deals that you could be pursuing with those funds?  

Time is money and money is time.  Your own assessment of your time frame will determine the price you are willing to pay to accelerate it.  

@Bruce Wilhite

Check out the BRRRR method

https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=brrrr