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All Forum Posts by: Elizabeth Velez

Elizabeth Velez has started 1 posts and replied 2 times.

Personal Finance

Post: Pay off debt or invest

Elizabeth VelezPosted
  • Posts 2
  • Votes 2

Thanks everyone. I like the third, third third idea. We would love to just pay off all the debt but having that much liquid cash is a rare occurrence in life (for us at least) so we want to use it wisely. 

1 Vote
Personal Finance

Post: Pay off debt or invest

Elizabeth VelezPosted
  • Posts 2
  • Votes 2

We have about $170k in "bad" debt and our DTR is almost 50%. We are about to get $150k in cash from a business sale. Should we pay off debt or invest? I'm thinking pay off enough debt to get us to 30% DTR then invest in a STR.

This year we have bought 5 small LTR's and are under contract with our first STR. (All with an LLC) We are newbies and trying to get started the right way.

We are working with a financial advisor but I’m looking for other opinions. 

1 Vote