Updated about 2 years ago on . Most recent reply
paying off rental property loans - which loan first
All of these properties generate cash flow, besides my primary residence. Considering this, which debt makes the most sense to pay off?
| Rate | Balance |
|---|---|
| 3.125 | $700,000 (PRIMARY HOME) |
| 4.5 | $375,000 |
| 4.875 | $490,000 |
| 3.875 | $521,000 |
| 3.625 | $1,000,000 |
| 4.4 | $607,000 |
| 6.625 | $784,000 |
Most Popular Reply
Congrats on the list, and all returning cash!! To me interest rate is just another expense like insurance and tax. Instead look at the total return and rank them that way for a more comprehensive list of your properties.
I am generally reluctant to sell a property, they have all taken some effort to get decent returns and why give that up unless it is going to be a dog moving forward.
All the best!