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Updated over 3 years ago,

User Stats

14
Posts
6
Votes
Elijah Crew
  • Property Manager
  • 1101 Foulkrod St, Philadelphia PA
6
Votes |
14
Posts

Rental Property decision.. Need Advice..

Elijah Crew
  • Property Manager
  • 1101 Foulkrod St, Philadelphia PA
Posted

I am at a cross roads here and I would be very thankful if I had some assistance. In a year from now come August of 22, 1 of 2 choices will be made. "A" sell a single family property and use the profit to pay down mortgages on a couple properties for the reason being that hopefully deep into the future these properties will be owned outright."B" use the equity in the property instead of selling it which has been owned for about a few years now to help finance another property then rent both of those properties out to gain passive income. I am an aspiring investor and I feel like B would be the better of the two options, but others disagree. So I would truly appreciate it if someone can offer some advice. If you need more information to truly decide feel free to direct message me. Thank You!

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