Pay off debt or buy another property?

[Medriand Arnold]

I have been saving all year and with that said I have a good lump sum of money.

With that being said I am wondering should I pay off my current car note? I have found some properties that I am interested in and using those funds would hurt. I am planning on using a conventional mortgage as I am coming to the year maturity of my FHA loan. What would you recommend?

If you need more information let me know. Just asking for your basic opinion.

[Frank Geiger]

Consider using the money to create additional cash flow if the car loan is low interest. An additional $200 a month in cash flow can easily take care of a low monthly payment on a car loan and you also have the other benefits of RE investing.