What’s next? Looking for feedback

3 Replies

I’m 24 with 4 properties going. They generate 2200/month. I’m 49k in investment debt. I have built my business model around the concept of paying off properties and snowballing them into more. End goal running a debt free business. Just to hear some different professional opinions here, what would be your next step if you want to grow but also reduce debt?

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First of all, kudos on starting so young! You are a future millionaire for sure! Assuming you're getting a good ROI out of your 4 properties, why would you pay them off as opposed to using that snowball money to acquire more? if you're getting a good ROI, keep investing, don't pay them off early!

@Jacob Graul I would take 50 percent of cash flow towards debt and the rest towards acquiring new properties. Great to see someone my age making moves. I’m 23, with 3 myself. Goal is 6 by end of next year.

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