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Updated over 7 years ago on . Most recent reply
Mortgage Balance Question
Hello All,
What are the thoughts on paying off a mortgage prior to buying my next rental property? I could have a rental ($35k owed) and my home ($103k owed) paid off in the next three years. Does this make sense to do prior to purchase our next rental property? I don’t want to be too leveraged...having two mortgages right now makes me somewhat nervous already.
Thanks,
Andy