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Updated almost 5 years ago,

Da Shiek Woodard's profile image
Da Shiek Woodard's profile image
Da Shiek Woodard
  • Specialist
  • from Washington, DC
  • Member since Dec 24, 2019
  • Posts 45
  • Votes 20
  • Experience 5 Yrs
  • Investments 1
Connect

User Stats

45
Posts
20
Votes
Da Shiek Woodard's profile image
Da Shiek Woodard's profile image
Da Shiek Woodard
  • Specialist
  • from Washington, DC
  • Member since Dec 24, 2019
  • Posts 45
  • Votes 20
  • Experience 5 Yrs
  • Investments 1
Connect
Da Shiek Woodard
  • Specialist
  • Washington, DC
20
Votes |
45
Posts
Buying & Selling Real Estate

What Would You Do First: Rental Property or Primary Residence?

Da Shiek Woodard
  • Specialist
  • Washington, DC
Posted

Picture it: Washington DC, 2020...

•$20K in cash allotted for real estate

•Excellent credit

•One rental property that cash flows $300

•W2 Salary $90K/yr

•Renting primary residence at $2200/mo

My question is do you think it’s more important to focus on adding doors to this portfolio or to purchase a primary residence to eliminate the rental expense?

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