Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

71
Posts
25
Votes
Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
25
Votes |
71
Posts

Free Cash...what to do next

Bradford Myatt
  • Investor, Teacher
  • Central New York, NY
Posted

Hey All,

Currently just have a SFH rental. I have about 70K free cash, and am pondering what to do next. Part of me wants another SFH paid in cash and just collect debt free rent, but another part wants to keep cash available for a possible flip. Any advice from people who have been there before? Thanks!

Most Popular Reply

User Stats

1,871
Posts
1,458
Votes
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,458
Votes |
1,871
Posts
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Replied

@Bradford Myatt If you do not like debt, then it is a no-brainer.  Use the money for a flip.  You'll never be able to match the return with buy-and-holds unless you leverage (i.e, get a mortgage).

Loading replies...