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Reply to "Pay off home mortgage or pay off investment property?"
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[quote=Anonymous]OP here. Both interest rates are around 3% but they are ARM's so they change from year to year. As logical as it is, I did not even consider investing it to earn more than 3% which I guess I could do. But the more I think about investing it, the more my stomach starts to churn because I could lose principal. That worry doesn't help me sleep at night because I don't know if I'll ever be put on a contract like this again where I can make this type of money. Also, I'm a little surprise at how many of you would pay off the investment property. Is there no consideration for the additional taxes that you'd have to pay since the investment property is turning a profit every year? Isn't there value in paying off your home and eliminating that expense which would have no tax impact at all? [/quote]
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