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Updated almost 6 years ago, 12/02/2018
Paid Off SFR or sell and invest in MF?
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