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All Forum Posts by: K Jones

K Jones has started 1 posts and replied 2 times.

Starting Out

Post: Advice mortgage payoff home rental

K JonesPosted
  • Posts 2
  • Votes 0

Thanks everyone. I hadn’t thought about using the equity for something else. Great ideas

0 Votes
Kansas City, Missouri
Starting Out

Post: Advice mortgage payoff home rental

K JonesPosted
  • Posts 2
  • Votes 0

Advice or Perspective appreciated

I have a 30 yr old 3B 2 br home. Monthly $1100, rent $1500, $61000 mortgage left, 4% rate, good renter for the past 3 years, bought for $175, north Kansas City mature neighborhood. Property mgr suggests I sell estimates maybe for 234 K.   invested $30k in internal and external repairs. Left KC temporarily for a job. Uncertain if I’ll return but I like the house.  Debating on whether to sell or payoff the mortgage (can do it)  not sure if selling will be sufficient to buy another income property  Thoughts?

0 Votes
Kansas City, Missouri