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Updated about 5 years ago on . Most recent reply

User Stats

23
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6
Votes
Dhiren Ahir
  • New to Real Estate
  • Dallas-
6
Votes |
23
Posts

Need Advice paying mortgages

Dhiren Ahir
  • New to Real Estate
  • Dallas-
Posted

Hi newbie here. I need your advice weather I should aggressively payoff any of following mortgages or save up to buy more.

Primary residence. 328k @ 2.75%

Rental property 1, 133k @ 3.12%

Rental property 2, 170k@ 3.50%.

Both rental properties are occupied and leased for 2 years. Currently I can afford to pay 5k/month more towards any of above. Greatly appreciate your inputs.

Thanks

Most Popular Reply

User Stats

5,116
Posts
5,180
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,180
Votes |
5,116
Posts
Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

@Dhiren Ahir  Those are great interest rates.  I wouldn't pay them off.  Surely you can find better ways to invest your money that would earn you more than 2.75-3.5%.  

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