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downpayment or pay off car?

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RWD:
Can you refinance the car to a lower rate?

Farrow1200:
Thanks everyone for the replies, we went ahead and paid off our car loan it was the decison my wife was most comfortable with shes not 100% on board with it all so ill take what i can get. Next step is to fund an IRA. Any other advice yall have is greatly appreciated. We will not be selling the rental house im not sure if worded it wrong but the house is not losing money

Farrow1200:
Also in regards to question about the 401k. I maxed it to 18k last year and will max to 18.5k this year. My company doensnt really match they give us profit sharing every march.

Villanelle:

--- Quote from: Farrow1200 on June 24, 2018, 04:06:35 PM ---Thanks everyone for the replies, we went ahead and paid off our car loan it was the decison my wife was most comfortable with shes not 100% on board with it all so ill take what i can get. Next step is to fund an IRA. Any other advice yall have is greatly appreciated. We will not be selling the rental house im not sure if worded it wrong but the house is not losing money

--- End quote ---

How much do you bring in for rent?

What are *all* of the expenses (mortgage, property taxes, reasonable maintenance to include not only what you've actually spent but also projections for big expenses like new roof or replacing appliances, management fees, and anything else you spend)?  Often, people think their rental isn't losing money when it is.  Or, it is making money, but far less than could be reasonably expected in the stock market.  Maybe yours is fine on both counts, but unless you post specifics,  we can't tell. 

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