Well, I thought I'd toss this idea out there and let the board chew on it. I have a small real estate business in which I purchase and rent out properties. Currently between my new wife (as of June 23rd!:-)) and I we have 4 not including the house we are living in which makes a grand total of 5 homes. Two of the homes cash flows and they are all on 30 year fixed mortgages. I have long term tenants in all of them who pay their rents on time. I would like to stop working in about 5 years when I turn 33 and focus my efforts on my real estate careers, however all the home mortgages total $872,336.77. I have already taken a piggy back loan of $18,500 that was 30 year fixed at 6.035% and moved it to a 12-month 2.9% offer, credit card. That way, I have a lower rate and save some money in the long run. My question is after I pay off that 18,500, would it make sense to write a convience check to the mortgage company every year from my credit card to take advantage of a low interest or 0% interest loan to pay down the principle balance? Once a house is paid off, I would use the rental income to continue snowballing until all homes were paid off. With increasing rent, this would give me an income of around $7,000+ a month that I would have free and clear. Any thoughts?kook79
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