@Joe Villeneuve


Wow you really make lots of sense the way you break things down. Ok now

if you don't mind what about one this situation. I'm currently buying 3

properties and own 1(1 is paid off in full that I have been pulling the

equity out of) and I'm in the process of buying a 4th and then I will

have to be done for awhile (dang this is SO addicting) I am inheriting

$20K so far from my father's estate. One of the 4 properties is the

current place I live in. It's a Duplex and I live in the smaller side of

the property and my daughter and her family live on the other side. The

mortgage payment is $1046.32 and my daughter pays $650 of that. I pay

the rest. Since her rent payment will never get the investment property

paid off should I throw the $20K on that property? And put even more on

the loan as I can? With soon having 4 loans going I'm pretty much down

buying for the moment. We currently live in 1 property, short term rent 2

of the properties and the 4th property we are buying we are inheriting a

long term tenant so will long term rent for now until the tenant leaves

then we will short term rent it. I think I have pushed my limit with

what we can get from our credit union. And with the 4th property costing

more than we have planned I offered to put $75K down on it. (the

proceeds from a property I sold recently) Not sure if I should have done

that but it already set to be paid. I would appreciate your advice!

Update: Deal from credit union!

Hi If you looked to do a $20,000 paydown on the property I can look to get a rate Modification approved from the current 4.87% down to 3.7%. We do have a mandatory $350 modification fee but based on the rate change you would likely make that up in a couple of months. Please let me know if you would like me to look at doing so. So should I take their deal? This was a property I purchased approx a year ago.