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Updated over 9 years ago,
Need some advice
I have a SFR that is being rent which cash flows about $700 month. I owe about $60,000 which is worth about $200,-220,000 I own two other duplexes should I do cash out RFI and pull out about $100,000 out of it and look for another rental property or I was thinking of buying vacation rental in the Island of Maderia. It's in the middle of the Atlantic Ocean the Hawaii of Europe. Which I go to Europe a lot and would have a way to write off flights ect. My goal is to retire by 50 I'm 37 now. I'm not sure if really enjoying that island is clouded my judgement and my end goal.