Updated about 7 years ago on . Most recent reply
Leveraging debt the right way
I have 25k in the bank and have 12K on my busIness credit card from a rental I just fixed. I currently have 4 properties that are giving me a good cash flow return.
Should I pay off the 12k or just pay the minimum balance and use this money on a potential flip I’m looking into?
I obviously want to keep as much cash as I can in order to give me the potential to flip another house.
I flipped one successfully 18 months ago which allowed me to purchase the 4 rentals
Just curious as to how folks view not paying credit cards in full in order to continue purchasing.
Most Popular Reply
@Jason Hodges
What’s the interest rate on the credit card? Likely you’ll want to pay that off otherwise it can wreck your credit