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Updated about 6 years ago on . Most recent reply

Matt Mroczenski's profile image
Matt Mroczenski's profile image
Matt Mroczenski
  • Investor
  • from Lakeville, MN
  • Member since Oct 9, 2017
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Matt Mroczenski's profile image
Matt Mroczenski's profile image
Matt Mroczenski
  • Investor
  • from Lakeville, MN
  • Member since Oct 9, 2017
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Matt Mroczenski
  • Investor
  • Lakeville, MN
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Buying & Selling Real Estate

Payoff Rental Property vs. Buy Another Property

Matt Mroczenski
  • Investor
  • Lakeville, MN
Posted

Hello Fellow BiggerPockets Followers!

We are seeking advice regarding paying down our current rental mortgage ($87K left) to increase cash flow OR saving to invest in another rental property. 

We are looking in the $150-200K range, we have $30K for a down payment now. Should we use $30K to pay down current rental mortgage or use $$ as down payment on 2nd house? 

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