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Updated about 11 years ago on . Most recent reply

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11
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3
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Kristi Miller
  • Napa, CA
3
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11
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Invested in a dog of a property

Kristi Miller
  • Napa, CA
Posted

Hello: We recently invested in a fourplex that is turning out not to be the best property - many lessons learned by this one!!. Anyway, unfortunately our cash flow is only about $50 per door. We have a conventional 30 year 5% loan with 30% down. Based on these numbers- (until we sell it) would it be better to pay the loan off, to save on the interest? or keep it floating as it is?

Most Popular Reply

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365
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75
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Charles Morgan
  • Investor
  • El Paso/Socorro, TX
75
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365
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Charles Morgan
  • Investor
  • El Paso/Socorro, TX
Replied

That is a tough question. Have you looked into other ways of increasing your cashflow? Raising rents? Passing through utility costs? Changing insurance plans?

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