General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
First Cashflow property-What do I do with the $700/month?
27 year old from Hawaii. I recently bought my first cashflow property in Orlando, Florida. I own the property free and clear. It cashflows $700 a month. Honestly, I dont know what to do with this money that is coming in. I do know that I want to re-invest the money coming in back into real estate, but I don't know exactly know what to invest it into. Should I just save up the money and invest it later? If someone could help me with this then that would be great! How can I use this money being made and have it grow for me? Book: "The richest man in Babylon" style! Any advice will be greatly appreciated!