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Updated almost 2 years ago,
Payoff or get a loan?
First post! I just bought a townhouse 2 bed, 2 1/2 bath. Bought for 55k. I took a 45k personal loan at 36mth at 12.12%. Renter in place at 850 a month. Pays all utilities. I can pay off the loan in 11 months. I can also finance it and cash flow about 600. What do I do? Payoff personal loan in 11 months and subsidize or get a loan and cash flow immediately? Trying this buy and hold.