When should I stop buying?

[Jeremiah Ashe]

I have been fortunate enough to have built my rental property portfolio quickly over the last year. I love real estate investing and am always very hungry for the next deal. At this point however, I am unsure of when I should take a break from building my portfolio and start enjoying my cashflow. My question is, what made you decide it was time to start enjoying instead of reinvesting everything to build? I initially thought I should build my portfolio forever, but after reading books such as “Lifeonaire” and “Cash Flow Forever” I have been questioning if I should start paying down some of my debt. Do you think it would be a good idea to get a loan on some of my paid off vehicles in order to get the down payment for a large multi-unit property that will cash flow from day one?

[Jennifer Beadles]

@Jeremiah Ashe this is something I struggle with too. With a rental portfolio that pays $100k a year I often fantasize about kicking back and traveling the world, or using all of the cash flow to pay the properties off and then really living it up with the cash flow. 

But then a great deal comes up, and I remember that it's too much fun and too hard to pass up another high ROI net worth building property. I realized I'm a deal junkie and while I'm still having fun I plan to keep buying and building.

You know what will work best for you, I would suggest paying off any consumer debt though, I did this a few years ago and it's great to not have any consumer debt, just mortgages lower than 50 LTV at super low interest rates.

Congrats on building a successful portfolio, and I think it's fine to give yourself permission to take a break or keep building, whichever seems right to you.