User Power
Value/Post Ratio
36%
- Feb 8, 2015
- 280
- 101
- 48
I own several properties and am trying to determine my plan for the next 5 years.
I owe about $800,000 in mortgages.
I net about $2100/month total on the portfolio after all expenses.
I'm still working and can put away about $10,000 per month in after tax.
I have after tax assets of about $300,000.
Right now I'm not too comfortable with the amount of mortgage loans I have with total mortgages being more than twice my cash mortgage position.
Paying no extra on the mortgages I reduce my mortgage by about $1,050 each month. That amount increases about $5 / month with each passing month.
What am I doing well?
Wrong?
What would you do differently?
I owe about $800,000 in mortgages.
I net about $2100/month total on the portfolio after all expenses.
I'm still working and can put away about $10,000 per month in after tax.
I have after tax assets of about $300,000.
Right now I'm not too comfortable with the amount of mortgage loans I have with total mortgages being more than twice my cash mortgage position.
Paying no extra on the mortgages I reduce my mortgage by about $1,050 each month. That amount increases about $5 / month with each passing month.
What am I doing well?
Wrong?
What would you do differently?
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