What to do with 700,000 ? Pay down , leverage or stocks
Hey everyone ! I’ve posted a few times before but it seems it’s been a while and so many things have changed .
Quick summary ! Young guy, owe about 2.6 million in loans in RE , also have a job that’s yields about 200-400k a year . Currently sitting in on some reserves but I’d like to put them to use . What would you do ? I don’t want to go into more debt , but it’s the only way I can reduce my tax burden every year . I can pay off 2 properties with about 800k and that will add 9500 a month in come , but the taxes will be more at the end of the year . Or I can try to look for a property around the 700-1 mil price point o pay cash and that will help reduce some taxes . Or put some in the stocks and pay off a loan . So many different scenarios and I really don’t know what to do . I don’t want to do syndications . Any recommendations ?
Thanks
Most Popular Reply
With that size portfolio you need to be planning with a tax professional.