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Updated about 4 years ago, 10/05/2020
Pay off Business Credit or Invest Business Credit
Greeting All
I'm kinda stuck in a hard place and want to invest in more rental property. Over time I've been able to buy properties using business credit. Thankfully I was able to do the BRRRR model and pay the business credits back. Over time I was able to increase my limits to more business credit card amounts and acquired business credit card debt through investing and payments to rehabs.
My dilemma is that I have a 65K in business credit card debt (between 10% to 17% APR) and 136K in available business credit card available.
Should I focus on paying of the remaining business credit debt or invest in another property? I'm able to pay most the minimum payments to the business credit card debt but I've been stuck in the hard place for a while about this decision.
Any advise would be greatly appreciated.