Rental Property Scenerio
Lets say I have 10 rental properties. They all have exactly the same terms (4%, 15 years), all bought on same day (for sake of argument). Which one do I pay off first using the "snowball method" i,e, using all available positive cash flow to pay off one loan before the others)?
If I had different mortgage rates, I know I should pay off the highest mortgage rate loan first, but I don't.
Do i pay off first:
1. The one with the highest loan or lowest loan value first?
2. The one with the poorest cash flow or best cash flow first?
3. The one with the best or poorest cash flow to loan value?
4. The one with the the highest potential cash flow if it were paid off completely
5. There is no difference.
Lincoln, Nebraska; Omaha, Nebraska