Help with BRRR strategy!!!
Hello BP community! Hope somebody could enlighten me with my situation. I purchased this property with a personal loan for 5 years. My question is, how should I tackle this loan?
Should I leverage and let the rent and a little of my money pay for the next 5 years?
Pay this loan as fast as possible, so its paid for. Then start saving the cash flow for another property.
Or cashout refi? If that's the case, should i buy another property or pay the loan and use the cash flow to save for another property.
Any opinions/ suggestions/ criticisms will be appreciated.
Thank you again BP community!!!