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Updated over 6 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Joe Kasprzyk
  • Investor
  • Oak Lawn, IL
3
Votes |
8
Posts

Paid Off SFR or sell and invest in MF?

Joe Kasprzyk
  • Investor
  • Oak Lawn, IL
Posted

Afternoon everyone. Here is a baseline question for you. (From a newer Bper)

The scenario.. I have 2 SFR (1 condo and 1 townhome). One of them is paid off, and giving me cashflow (even with stupid association fees) on a monthly basis. I'm writing my business plan to hopefully leave my 9 to 5 one day, and my next step I feel is an important one.

In your opinion should I.. 

Save up for another down payment for a SFR (Take 6 months or so) and keep taking in the cash from the two existing.

Possibly take a HELOC on an investment property to reinvest in another SFR.

Or sell the asset, and buy a MF?

Any direction, opinion would help. 

Thanks

Jk

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