I Recently sold my primary Residence and moved into another property I had been renting out. I was able to pocket $180,000. I am going back and forth on what I should due with the money. I own a few other properties that I could pay off the loans and increase my cash flow, or should I take the money and by one or two more properties. I live in the Central Valley in California, and I’m not sure if it’s the right time to pay down debt, or keep investing. Your advice or suggestions would be greatly appreciated.
I would be able to pay off 2 of these 3. All 30 year fixed mortgage.
Triplex- owe $101,000 at 5%. $650 monthly , 26 years left
Duplex- owe$86,000 at 4.5%. $425 monthly, 27 years left
Home- owe $89,000 at 6.25%. $700 monthly , 19 years left.
Thank you
