Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

18
Posts
4
Votes
Michol Murray
  • Investor
  • Chandler, AZ
4
Votes |
18
Posts

Pay down rental or invest in new properties

Michol Murray
  • Investor
  • Chandler, AZ
Posted
Hello BP community! I've been lurking on the site for some time, but this is my official first post. I own a SFH in the Phoenix area, was my old primary home, and decided to keep it because I knew it would finally make me stop sitting on the sidelines about owning rental property. I am looking for some advice on the direction I should go regarding my current rental and the next rental properties that I purchase. My current rental is cash flow negative and also currently underwater. I am able to manage the negative cash flow with my day to day job, although it would be nice if the cash flow was positive. Would you recommend aggressively paying down the current rental loan, so I can at least break even? Or would you continue to look for your next deal and acquire properties that are cash flow positive to make up for what your losing on the first rental? Thanks in advance..

Loading replies...