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Buying & Selling Real Estate

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11
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William Alvarez
  • Investor
  • Humble, TX
3
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11
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Pay off or buy more?

William Alvarez
  • Investor
  • Humble, TX
Posted Jan 12 2014, 12:50

Hey guys, I am new to BP, but am very impressed with the amount of experience and knowledge on this forum. I have two rentals that are paid off and cash-flow $1250 each. I recently acquired another one that should produce the same monthly income. I put 20k down. These homes range between $85-120 in the Houston area. My question is should I continue to try and payoff the rentals with my business income as fast as possible, or just let the house pay for itself. My original goal was to payoff a few and then let the paid off income snowball into the new ones until each one was paid off and repeat. It seemed like a good plan to me, but I see on here that a lot of BP'ers seem to acquire as many as they can. My method seems like a slow one. Is there any benefit one way or the other? Any advise is welcome.

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