Updated about 7 years ago on . Most recent reply

Sell my personal vehicle that has a lien on it or..
I have a vehicle with a bank loan and was wondering what you would do in my situation..
Should I sell it to lower my DTI and get out from
underneath the monthly payment and monthly full coverage insurance payment so I could proceed with another deal in the next 6 months?
Only problem with that though is I have no other extra vehicle so I would have to use my personal savings that I plan on putting towards my next deal to get a vehicle and that would wipe out all of my capital.
My plan is to put 20% down on my next deal so the capital is important to me.