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Updated 7 months ago on . Most recent reply

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Wiley Petersen
  • Member since Jul 15, 2024
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Wiley Petersen's profile image
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Wiley Petersen
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Wiley Petersen
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New Member Introductions

Hello BiggerPockets! New PRO here

Wiley Petersen
Posted

Hello BiggerPockets community! I'm Wiley Petersen from Southeast Idaho, I am just getting started in real estate investing as I want to be financially free at some point. I do have a question for the group. I am expecting to sell some land for about $350,000. I am not sure if I should pay off my mortgage of $270,000 at 6.5% or should I do a 1031 exchange and invest in a rental property. I'm interested in hearing what advice you can give me. 

Excited to learn and connect with you all!

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