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Updated about 8 years ago,

User Stats

14
Posts
6
Votes
Tony Wagner
  • Real Estate Investor
  • Moses Lake, WA
6
Votes |
14
Posts

Need advice on rental property

Tony Wagner
  • Real Estate Investor
  • Moses Lake, WA
Posted
I have four rentals that I bought before the crash. Had a grand plan back then but life and work got in the way. I also am self employed in agriculture I own a seed processing plant and I farm in central Washington and do research work in Arizona during the winter so I have a full time job. My question is I have two of my rentals paid off and I am on track to have the other two paid off in 6 years. I would like to use the equity in the two paid off to buy more. What is the best way to do that. The two that are paid off generate 1150 per month. The two that I owe on generate a profit of 275 a month with me paying it down. I am looking at some farm ground with my business worth 3 mil but am not sure how to pull that off. Personally wise I would like to purchase a large multi family or commercial property for cash flow. Help. I do not know how to get where I want to be

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