Could do with some advice
Selling rented apt will end up with about 110k after all expenses.
Have another rental with 185k left on interest only due to mature in Nov 27 (on a tracker only costing about 110 / month)
Could sell for about 260k
Separately Have saved 150k so well on the way to covering this .
Home has about 135k left on mortgage on fixed rate for just over 2 years
No other short term debt.
Options as I see it
1. pay down the 110 off the other investment property leaving 76k due in 5 years.
2. break out of the fixed and wipe out most of the home mortgage.
3. Leave the mortgages and invest for 5 years
4. Sell the other rental and get out of the evil landlord game altogether clear all mortgages and have about 200k in the bank
I know I am losing money on savings with money in savings with inflation
Selling rented apt will end up with about 110k after all expenses.
Have another rental with 185k left on interest only due to mature in Nov 27 (on a tracker only costing about 110 / month)
Could sell for about 260k
Separately Have saved 150k so well on the way to covering this .
Home has about 135k left on mortgage on fixed rate for just over 2 years
No other short term debt.
Options as I see it
1. pay down the 110 off the other investment property leaving 76k due in 5 years.
2. break out of the fixed and wipe out most of the home mortgage.
3. Leave the mortgages and invest for 5 years
4. Sell the other rental and get out of the evil landlord game altogether clear all mortgages and have about 200k in the bank
I know I am losing money on savings with money in savings with inflation