All Forum Posts by: Jenny Lu

I recently inherited a fully paid off investment property, I estimate it's worth $500k. It is currently cash flowing $1300 a month. I have student loan debt from grad school with a balance of $160k, and the monthly payment is about $1100 a month with 17 years left on the loan. I also have a primary home and high child care expenses for my young children. I'm in my early 30s and am wondering what is the best way to use the investment property to improve my financial situation and what's best for the future. With my current job, I make enough to cover my mortgage, student loans, child care expenses, and I'm putting about 7% into my 401k.

Any thoughts on what to do with the investment property would be greatly appreciated (keep it, pull out equity, sell it, etc). Thanks in advance.

What is your interest rates on your student loans? I wonder if it would make sense to open a HELC on the property, pay off the student loan, and then focus on paying off the HELC.

Student loan interest rate is 3.8%

0 Votes

Los Angeles County, California

Hi fellow investors,

Any thoughts on what to do with the investment property would be greatly appreciated (keep it, pull out equity, sell it, etc). Thanks in advance.

2 Votes

Los Angeles County, California

All Forum Posts by: Jenny Lu

Jenny Lu has started 1 posts and replied 2 times.

Post: I inherited a fully paid off investment property. What should I do with it?

Post: I inherited a fully paid off investment property. What should I do with it?