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  1. W

    Should I pay off land or buy a rental house?

    I owe about 20K. Taxes = $300-400 per year, no income I'd rather not sell it unless I needed access to the money. So it's either pay it off, or keeping paying the interest on it and find another investment. Finding another investment that pays over 6% might be a challenge.
  2. W

    Should I pay off land or buy a rental house?

    Do you see any signs of interest rates going up anytime soon?
  3. W

    Should I pay off land or buy a rental house?

    The land was purchased before I studied investing and money management. I wish I also would have studied these areas before the big 401K a couple years ago, but what's done is done. Agreed and I realize there's no easy option. It's a horrible time to sell. Paying it off might not seem like...
  4. W

    Should I pay off land or buy a rental house?

    I bought some land awhile back but have saved enough money to pay it off (paying 6.25% interest). I am earning next to nothing in interest by keeping it in a savings account. Or I could use it as a down payment to buy a rental house (and get positive cash flow from the get go). Prices are low...
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