What would you do with $200,000?

[Franck Brichet]

Hi,

I’m fairly new in the world of investment and I am wondering what you would do if you were in my shoes.

I have (only) one rental property. It’s worth about $300K and I owe $100K on so that leaves us with about $200K in equity.

In 8 years it will be paid off (we did a 15 year loan) and I currently rent it for $2,000/month. Cash flow negative $200/month. The house is in very good condition and we have great tenants who could stay there for the next 10-20 years.

My goal is to build wealth in the long term. What would you do with this $200,000 if you were in my shoes?

I was a teacher for 11 years and just quit my career and became a full time real estate agent. Still a newbie but loving this industry it so far!

Thank you in advance for your feedback!

[Lee Ripma]

" my goal is to build wealth long term " Time to use that equity to buy more properties then!