I need a mentor for some free basic advice

[Kirk Roberts]

I would love to have someone look at my debt and assets and give me a suggestion on where to go from here.  I have a great paying job, I have a hand full of investment properties and about 20K cash to use in either paying off some small bills or using it for another down payment for another property.   ????   Thanks

[Steve Vaughan]

Originally posted by @Kirk Roberts:

I have three that all have mortgages.  They all have about 30k average of equity each and totally bring in about $1300 NET a month.  They are being managed as well.  I can take my last liquid 20K and pay off a two small loans which will free up $600 a month or buy another property and make $600 more a month.    

Based on this, I would pay off the 2 loans and net the $600/mo risk-free and tax-free.  

I paid off $87k in consumer debt and never looked back. The cash-flow and peace of mind is awesome.  I have been 'free' since 2002.

Having no/reduced savings will motivate you to save back the $20k quickly again.  

Scorched earth budget.  Laser focus.  Brown bag your lunch and brew your own coffee.  Drive a beater to your next closing with pride!  Pay off the loans, Kirk, and exit the rat race more quickly!