Invest money in the market or purchase 4 plex.

[Michael Martin]

Will be inheriting 90K in the near future and trying to figure out the best place to put it. My advisor wants me to put it in the market naturally. I am 55 years old in South Louisiana and have 7 other rentals. I am looking into purchasing a $165,000 4 plex in the area and thinking of putting down $33,000 towards the purchase and the remainder of the 90k in the market.  The monthly rent is $2525 with the expenses of $800 and the 30 Year note is $900 which leaves a positive cash flow of $800 monthly.  The advisor is saying that I have a lot of debt and wants me to focus on paying off some other properties with the next 10 years, I plan on retiring at 65.  

Looking for everyone's thoughts on this. 

[Clint Galliano]

My question is what kind of debt do you have? If it's consumer debt, that's one thing, but if it's debt on your rentals, that shouldn't matter (or at least as much). 

Make sure your advisor has a full picture of the contributions your rentals make to your finances and will make to your future finances. The proposed purchase sounds like a solid deal.