Most important next step

[Dan Oconnell]

Hi everyone, My wife and I are embarking on this real estate investment plan. We want to make sure we are going about it the right way. Right now we live in a single family fixer upper. We moved here a year ago from our first home which was a duplex. It rents for 1500 total with a mortgage at 550. We are closing on a property in a few weeks that has needs cosmetic work and has tenants in place (rents 1350 mortgage 500). Our goal is to build our portfolio so we can do this full time. We just want to make sure we have a solid foundation. We were thinking about refinancing our duplex because we did a lot of work and think it’s worth a lot more today than it was when we first bought it. My wife and I go back and forth about extending the mortgage vs paying it off. We don’t know what our most import next step is. Can anyone offer some tips? Thanks you are all awesome I’ve already learned so much.