Have Capital, Can’t find a Deal, Should I just pay down debt??

[Vincent Plant]

I’ve been in the investing game about 5 years now. I’ve done flips, brrrs, 1031’s, I have a handful of airbnbs running with a handful of rentals in my portfolio.

I’m ready for the next thing, but dam this market is tough. I can’t find anything. The numbers on what’s available don’t make financial sense to go after. Everything is too expensive, and the rates are too high. I’m in the Philadelphia suburbs.

I keep thinking, maybe now just use the capital I have to pay down debt and increase cash flow? I’ve always been told to always reinvest into more properties but it’s hard to deny:

$50k won’t we me anywhere in this market. But if I use $50k to pay off an existing mortgage, there’s an increase of about $500/m instantly.

Thoughts?