Updated over 6 years ago on . Most recent reply
Path to FI - what would you do?
Scenario - what would you do?
Monthly expenses - $3k
Rental income - $2k
Cash - $200k
(Don't want a ton of rentals to manage)
Options:
A. Payoff another rental - approx $100k to clear the extra 1k to get to the 3k/mth and be FI now.
B. Invest 200k in market (index funds) and draw down/dividends 1k to make up difference in monthly expenses.
C. Buy another rental with $100k that will net the extra $1k to get to the 3k/mth to be Fi.