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Updated over 4 years ago on . Most recent reply

User Stats

24
Posts
1
Votes
Kevin Franklin
  • Real Estate Consultant
  • Waldorf, MD
1
Votes |
24
Posts

Should I Pay My Property Off?

Kevin Franklin
  • Real Estate Consultant
  • Waldorf, MD
Posted

Hey Folks,

I'm in a position where I can apply an additional $4000/month towards one of my investment properties and have it paid in full in approx 1.5 yr.  The idea of doing so, then snowballing the other 3 properties sounds like a no-brainer but I know this also puts me in a position to lose the tax deductions thereby increasing my chances of paying more in taxes (1st world problems).  Should I move forward with this plan or stack this money for another investment and maintain the "good" debt I have in these properties?  What are your thoughts...

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