Updated over 7 years ago on . Most recent reply
What should i do with money
looking for advice, posted something similar in reddit personal finance and got no help and a ton of judgement
Me and my brothers have about 95k to split from our father, his kind of get started in life money. Me and my brothers already own a multifamily and do want to keep investing in real estate.
Brother 1 - has 20k car loan, 5k personal debt, 3k school debt
Brother 2 - 10k cc debt
Me - 32k student loans, 10k car debt 0 cc debt
My question is should we use the money to pay off some of our debt or keep leveraging debt and get another multifamily. Brother 1 , will most likely get approved for a multi and would be a first time homebuyer. I can also get approved for another 3 family but we would have to put 20 percent down because i am owner on the first one.
Just looking for opinions and thoughts thank you in advanced