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Updated over 6 years ago on . Most recent reply

User Stats

775
Posts
434
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Cassidy Burns
  • Investor
  • Washington, DC
434
Votes |
775
Posts

How are you using your $$$

Cassidy Burns
  • Investor
  • Washington, DC
Posted

Hi BP,

Quick question:

How are you using your $$$?  I am coming onto a larger sum of $$ from 2 flips that will be closing soon and just want to have my ducks in a row.  So I have a Line of Credit on one house that is at 5.75% and has $23,000 left to pay down.  Should I take this excess cash and pay this down to get rid of that monthly payment or should I put it into consolidate it with the rest of my RE investing stash and move on to my next building?  

Just curious how everyone else is distributing their $$.

Thanks

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