Updated almost 7 years ago on . Most recent reply
Pay down debit or invest in a new property?
We wanted to get some insight on how to proceed with our business! We own 4 SF and 2 MF for a total of 8 units. Of those 8 we live In one unit and his parents live in one, So only 6 units have an income. On the 8 units we have a total cashflow of about $100 a month (but keep in mind we dont have a personal house payment and we have a house with no income).
We both have full time jobs and without a house payment we can save money every month. At this point we would like to know what you all have done.... would you pay down your current debit or would you save that money for a down payment on another rental property?