Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
4
Votes
John D. dickinson
  • Wholesaler
  • glasgow, ky
4
Votes |
6
Posts

My first rental is almost paid for. Where do i go from here?

John D. dickinson
  • Wholesaler
  • glasgow, ky
Posted

My first rental is almost paid for.  Where do I go from here?  Do I refinance and use the equity to make down payments on other properties?

Most Popular Reply

User Stats

26
Posts
20
Votes
Eric Aello
  • Dallas Texas
20
Votes |
26
Posts
Eric Aello
  • Dallas Texas
Replied

Let's not talk about death. 70 is the new 50. lol

Pull the equity, buy 2 more rentals, as long as you can make it work where all is positive cash flow. If something does happen to you (God forbid), your heirs will have debt in the property, but also have property going up in value.

Loading replies...