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Updated almost 6 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Ryan Paolucci
  • Rental Property Investor
  • Naples, FL
2
Votes |
12
Posts

looking for advice, pay off property? or buy another?

Ryan Paolucci
  • Rental Property Investor
  • Naples, FL
Posted

so I bought a small packaged deal (triplex & single family) the triplex is on a bank loan but I want advice on what to do with the single family.

The single family is on a 7 year 7%  for 23.4k seller financed. about $353/month.

should I pay this off first before buying another property? that would put $350/m in my pocket, and then I can get a bank mortgage on it and pull the money out?   or should I try to save up for another down payment and just keep that on the seller financed loan?

I'm brand new so ill take any advice I can get. thanks!

Most Popular Reply

User Stats

12
Posts
2
Votes
Ryan Paolucci
  • Rental Property Investor
  • Naples, FL
2
Votes |
12
Posts
Ryan Paolucci
  • Rental Property Investor
  • Naples, FL
Replied

@Sam Teifke & my goal is cash flow, need to get out of my job

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