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Updated over 8 years ago,
In Denver and new to BiggerPockets
Hello!!
Very glad I stumbled upon BiggerPockets this morning! Hoping to get some thoughts about our situation...
My wife and I own two single family homes and one condo in the Denver, CO area and are looking to sell the two single family homes in order to pay down our debt, which is mostly student loans. We are under contract on of one of these homes, supposedly closing on August 25th.
Our goal (like many others) is to pay off our debts. Our student loan payments are basically like another mortgage payment. We do make over $200k per year so we can handle the payment, but we want to get rid of the debt as soon as we can, hence selling the properties. We've briefly discussed re-investing our proceeds into another property (or properties), but aren't sure if we want to stay in the landlord business. We are both in the healthcare industry and work 50+ hours a week, so don't get a lot of free time outside of work.
I'm interested in looking at investing in multi family units, possibly a small apartment building, those sort of things. Looking forward to digging around this site. Anyone have any advice, suggestions, thoughts?!!
Thanks in advance...
Mark