Needing advice on the next investment

[Armando Carrera]

Hi everyone 

I’ve gotten some advice from a very small circle on what to do next. I’d like your guys input.

We have some lane for sale that can net us roughly 100k. (Yes I know it may take months/year to sell.) what should be the next potential move with it?

1) Use that money to pay down my mortgage. $325k at 7.5%

2) Pay off our rental with some additional savings. $140k at 3%. Would give us $1800 positive cash flow 

3) A combination of both above

4) invest in another property 

5) Other ideas?

Any suggestions advice etc would be very appreciated. 

thanks BP community!

[Armando Carrera]

Quote from @Mason Weiss:

Be patient. No need to rush into any decision. If you want to expand your portfolio then leverage the net amount into another property, if you want to maintain and improve what you already have then consider using the money elsewhere. $100K is a great amount to start a business as well. 

Hi mason,
appreciate the input. Staying put and digesting everything could also be a smart move. I also like the idea of expanding my portfolio, but we’ll see what the future holds. 
thank you