After using the $250K from your recent home sale to reduce the mortgage, I would sell the rental and use the net proceeds to reduce the mortgage more. Then I would sell the "piece of property worth $200K" and use those net proceeds to reduce the mortgage still more. And by "net" I mean after all taxes and fees, so the total reduction would be less than $500K.Any thoughts on how to handle this windfall would be appreciated.
As for the annual "extra $380K", I would send 50% to the mortgage and the other 50% to investments. That means maxing all tax-sheltered options and placing the remainder of the 50% in taxable.
This is completely personal and I don't know if the rental and piece of property are important to you, but you asked.
Statistics: Posted by Duckie — Sun Oct 12, 2025 6:55 pm — Replies 1 — Views 161