To buy another property or pay down current one

[Scott Cover]

Let me start off by saying I currently own a duplex in PA for the last 10 years. I owe roughly $85k on the house worth $130k. It has a strong rental history and never sits empty more than a month between renters

I currently have the opportunity to buy a family members house for $140k. The house is worth about $190k. If I do the deal my mortgage would be about $900 and could easily rent the property for $1300-$1400 a month. To do this deal would require a down payment of around $20k for an investment property and maybe $5k for repairs/upgrades.

I have about $30k in money I could use for this deal. Should I buy the second property or put the money towards paying off the first property.

I don’t want to make an emotional decision because of the house being in the family but to me it also looks like a great deal on paper. Also my wife and I have solid W-2 jobs so that’s not a concern during this time.