Needing advice on the next investment

[Armando Carrera]

Hi everyone 

I’ve gotten some advice from a very small circle on what to do next. I’d like your guys input.

We have some lane for sale that can net us roughly 100k. (Yes I know it may take months/year to sell.) what should be the next potential move with it?

1) Use that money to pay down my mortgage. $325k at 7.5%

2) Pay off our rental with some additional savings. $140k at 3%. Would give us $1800 positive cash flow 

3) A combination of both above

4) invest in another property 

5) Other ideas?

Any suggestions advice etc would be very appreciated. 

thanks BP community!

[Andrew McGuire]

I get that but I have a hard time paying rentals after realizing how much wealth was built by owning many properties from 2018-2021. When appreciation hits you’ll want to own 20 properies not 1 or 2 that are paid off, as long as there is Cashflow and you have a reserve own more props