Should I pay off my smallest loan ?
One of my properties only has about $60k left to pay off. I'm not sure that I'll be buying another property within 1 or 1.5 years. So, I don't feel i need to save towards my next one just yet. The loan is at nearly 5% and I net $200 monthly after fees, tax, mortgage, Hoa , Etc. Should I just start dumping money into it and paying it off within the next 3 years? It would be nice to see the smallest loan paid off.
At the same time I feel like saving towards the next home or a larger personal home. If I rented my current home the profit would be around 400 AFTER expenses.
The problem is that both seem like good choices .