Extra money - focus on 1 of 5 mortgages or a little for each.

[Steven Frey]

I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a reserve for capital expenses and don't plan to add any more currently, but would like to service the debt. All mortgage rates are pretty much the same.

[Michael Seeker]

I'd focus on paying one off vs. paying down a bit on each.  If you can get to the point where you own one free and clear, that opens up a lot of options if you ever need/want them.  Having all 5 paid down an extra 15-20% doesn't really do much for you.