What The Best Way To Move Forward On My Path To Financial Fredom Through Real Estate

[Quinlan Moran]

Hello all, before you answer this question here's a little background.  

My wife and I are 28 year olds, living in Southern California and we are starting to create our financial freedom portfolio in real estate. We each have W2 incomes and gross around $500,000 - $600,000 per year. We closed our first investment property in February 2024. It's a single family home in Waco Texas, purchased with $40,000 - 25% down with an interest rate at 7.25%. Collectively between our personal residence mortgage and rental mortgage we are at a 50% LTV ratio. If you were in my shoes what would you be doing? Looking for more deals? paying off the high interest loan? waiting and saving capital to purchase when the markets better? Something else? Let me know, as I am struggling with what to do in our current market.

Thank you for your help and guidance.