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Updated over 5 years ago on . Most recent reply

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Hunter Mixell
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Should I wait or should I go after it.

Hunter Mixell
Posted

Should I wait until I am out of debt or use my saved up money and start ingesting now?

Most Popular Reply

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540
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Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
285
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540
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Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Hunter Mixell

BP would say yes, Dave Ramsey & Co would say no. Me: if you’re serving your debt and working on it every month then go for it as long as the deal makes sense and you consider P&I T I, vacancy, capital expenses for repairs and to be safe account for property mgmt (even if you pocket it), if it still cash flows $100-200 then it sounds like it makes sense.

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