Marylin OShea
Pay off loan before 30 year vs. invest money elsewhere?
I'm working on my first deal, due to close May 12. Got a 30-year loan, and I am interested in paying it off sooner (I chose 30 over 15 to have the flexibility). My strategy is to buy & hold.Now, I'm trying to figu...
Kenn C.
Contractors Request More Money Than Estimated Cost
Who pays for unexpected costs that arise for a contracted job? The contractor estimated a job, performed the work, then came back with additional charges to cover more work that was performed and/or materials.Do you h...
Jeremiah Russell
Setting aside reserves and expenses monthly or creating lump sum?
Which scenario is better? Scenario 1I have a rental home where I set aside 35% of my rent each month for vacancy, repairs, capx, property management, etc. The rest of the rent goes to paying down the mortgage, and m...
Bryan Clement
Multiple cash flow streams
Hey, so my wife and I are having a discussion about what is more important. We are swimming in debt, but we are swimming quite well. I want to build up multiple cash flow streams by sending a lot of money to investmen...
Jeff Libby
Paying off mortgage early or reinvesting in other ways
I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
Steven Frey
Extra money - focus on 1 of 5 mortgages or a little for each.
I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...
Is a six-figure salary enough to achieve FIRE? If you’re working towards financial independence, you know that any extra money at the end of the month can help propel you to your goals faster, but with inflation eatin...
Derek Hacker
Rental Property - Paying more towards principal each month?
Hi Everyone,Looking for some advice on my first rental property. Property details:Loan Amount - $324,000Rent - $2900/MonthRevenue/yr after PITI - $7570The current mortgage amount is $1466 and I am paying an extra $24...
Greg Borzick
Financial planning software - extra mortgage payments and payoff dates
We presently have 10 homes, each with a loan. Our goal is to retire in 5 years. In order to do so, we are making extra payments on our loans. As one loan is paid off, the extra payment plus the payment from the ...
Joseph S.
ROI and ROE on 15 and 30 Year Mortgages
We are currently running numbers on what the best return would be on a mortgage in today's market. Our plan is to pay off the mortgage with all of the extra cash flow (we have the CapEx, Vacancy, PM, and repairs set a...