Roast me..... or not.......

[Alex Redcay]

Hi All – I have been investing in real estate for three years now. I am looking for feedback on what I am doing right or wrong. 

Using round numbers here to keep things simple.

I have 5 doors total bringing in net income of $2,000 per month $24,000 per year.

Gross Rental income is $6,000 per month.

I have invested $245,000 on down payments and rehab.

Current market value is $900,000 of which $500,000 is leveraged.

So the question is, do I stay the course by 5 more doors with another $245,000 down to total $4,000 per month. Pay off $230,000 of debt to start cash flowing an additional $1,500 per month ($3,500 total), or do I go back to the drawing board?