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Updated almost 11 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Kristi Miller
  • Napa, CA
3
Votes |
11
Posts

Invested in a dog of a property

Kristi Miller
  • Napa, CA
Posted

Hello: We recently invested in a fourplex that is turning out not to be the best property - many lessons learned by this one!!. Anyway, unfortunately our cash flow is only about $50 per door. We have a conventional 30 year 5% loan with 30% down. Based on these numbers- (until we sell it) would it be better to pay the loan off, to save on the interest? or keep it floating as it is?

Most Popular Reply

User Stats

365
Posts
75
Votes
Charles Morgan
  • Investor
  • El Paso/Socorro, TX
75
Votes |
365
Posts
Charles Morgan
  • Investor
  • El Paso/Socorro, TX
Replied

That is a tough question. Have you looked into other ways of increasing your cashflow? Raising rents? Passing through utility costs? Changing insurance plans?

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