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The Investor’s Guide to a Single-Family Rental Emergency Fund
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HomeForumsGeneral Real Estate InvestingPayoff mortgages or not
Jason Waldo's profile image
Jason Waldo's profile image
Jason Waldo
Pro Member
  • Investor
  • from Kansas City, Missouri
  • Member since Jan 28, 2017
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Jason Waldo's profile image
Jason Waldo's profile image
Jason Waldo
Pro Member
  • Investor
  • from Kansas City, Missouri
  • Member since Jan 28, 2017
Connect
Jason Waldo
Pro Member
  • Investor
  • Kansas City, MO
81
Votes |
95
Posts
General Real Estate Investing

Payoff mortgages or not

Jason Waldo
Pro Member
  • Investor
  • Kansas City, MO
Posted Jan 18 2018, 21:19
I have two rental properties in Missouri. Both with a mortgage. One of them has $25k left on it and the other one has $90k on it. If I pay them off in the next few years I would be cash flowing right around $1,800/month. Should I pay them off if I can have them both paid off in 5 years or not?
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