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Poll: The profit from my rental houses in Las Vegas should be spent...

Posted by ceregon Feb 1 '11, 13:23

A: Pay down the Vegas loan with the highest rate, 6%
B: Pay down my home mortgage in Cali, 4%
C: Hookers and crack
D: Buy stocks
E: Create a very large rainy day fund
F: Lower rents so that I don't make a profit

My retirement stuff is maxed out, so that's not an option.

Responses:

give me money to pay off my debt. I'll give you a voicher for - sycor Feb 1, 13:36
A -- nm - lileve Feb 1, 13:35
A, B, E, D, C, F -- nm - znufrii Feb 1, 13:33
B) Pay down the place you live, the Vegas 6% rate can always be made profitable via rent increases. -- nm - Will Hunting Feb 1, 13:31
B if the Vegas loan is non recourse. -- nm - Loyola Feb 1, 13:30 3
- non-recourse? i can pay any of them off early without penalty (if I had $) and they are all deductible from my income or rental income -- nm - ceregon Feb 1, 13:32 2
  - B if you didn't have to offer up your primary residence as collateral to secure Vegas loan. -- nm - Loyola Feb 1, 13:34 1
    - i didn't have to do that -- nm - ceregon Feb 1, 13:46
E -- nm - Max Feb 1, 13:30
A -- nm - mara Feb 1, 13:29
G. payments on a Ferrari, perferably a vintage one -- nm - zeitgeist Feb 1, 13:29
[deleted]
A -- nm - Epiphany Feb 1, 13:27
a. or saved to pay for an st-vegas-extravaganza -- nm - tRuMaN thinks the boom! Feb 1, 13:25 1
- I'll definitely buy everybody a round or something in a Vegas gathering. - ceregon Feb 1, 13:30
A&E. -- nm - Diva Feb 1, 13:25
[deleted]
[deleted]
A and C -- nm - Krusty Feb 1, 13:25
GolfSTravaganza Gifts. -- nm - JaxSean Feb 1, 13:24

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Poll: The profit from my rental houses in Las Vegas should be spent...

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