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All Forum Posts by: Mick Regan

Mick Regan has started 2 posts and replied 3 times.

Clayton Plank I have enough to pay off a house in full and still have a nice amount for unexpected expenses. Is there an advantage to paying one off in full now compared to paying more to the principal over a few years? I want to get to 10 houses (2 more) in the next year or so but want to get the houses paid off while doing that.
I have 7 rental properties and have accrued cash in the bank. Should I pay off the mortgage in a lump sum and put that extra income into paying off principals of others or just pay more on all of the principals and not do the lump sum pay off?What are the pros and cons?

Post: Pay off houses?

Mick ReganPosted
  • Investor
  • Eldridge, IA
  • Posts 3
  • Votes 0
I have 7 rental properties and have accrued cash in the bank. Should I keep putting rent into the bank or pay off the mortgages? What are the pros and cons?