Need some guidance...
Here's my current situation...we have a home that we lived in for over a decade. It's worth $255k and we owe $140k. Monthly mortgage (escrow included) is $1188. Great interest rate of 3.25% and it's in a wonderful area with great schools. Average rent in our neighborhood for our home is $1650-$1750. We just bought another home which we moved into which is in the same neighborhood but is a little larger and has a pool. We are fixing up the first home (new flooring, a/c, paint) and should have it leased quickly. We have zero debt except the mortgages and roughly $20k in cash available. Is there a better option for going forward as an investor? I just recently got on this site and have been overwhelmed with all of the new information and investment tactics. I plan on reading everything I can get my hands on but welcome any and all comments here. Thanks in advance for your time and help.