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Updated almost 7 years ago on . Most recent reply

User Stats

94
Posts
19
Votes
Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
19
Votes |
94
Posts

Pay off loans or acquire more rentals

Gabriel Benavidez
  • New to Real Estate
  • Houston, TX
Posted
I am 22 years old with the three properties im stuck in a position of paying off my cheapest mortgage which would take 2 years or do i buy another rental which will be this time next year. All my properties are cash flow positive and im really not in the need of the full cash flow of my rentals. A lot of my family/friends want me to pay off one of my houses and snowball it but im curious what you guys think.

Most Popular Reply

User Stats

12
Posts
8
Votes
Joshua Buck
  • Rental Property Investor
  • Spanaway WA
8
Votes |
12
Posts
Joshua Buck
  • Rental Property Investor
  • Spanaway WA
Replied
@Gabriel Benavidez I was told to “go hard while we are young” when we are older with more money we can “retire”(pay off) our assets. That’s my opinion.

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