All Forum Posts by: Tyrone Lucas

Thanks for your response 

1. So we are in Montana and everyone is moving here from Washington, California, Oregon, and Texas. Which has caused the housing market to skyrocket, due to bidding wars. So barring some type of shake up in the economy, I suspect that our housing market will continue to increase. 

2. My wife is a real estate agent and does pretty well. My concern is that there will be either a market correction or an unrelated outside event that impacts our economy as a whole. 

3. We owe about 400k on our current residence, our Airbnb would definitely help us in getting our house paid off in the next 5-10 years.  

My wife and I are in a interesting position and are exploring 2 different options I would appreciate any help. We Currently have 2 income properties, one long term and the other is a Airbnb rental that has been a homerun for us, we also have a mortgage for our current residence.

Option 1 

Sell our long term rental, and use the profit to pay off the Airbnb property. Which means the Airbnb will profit us about 20k - 30k. We would only have our mortgage payment remaining. 

Option 2 

Sell both the long term rental and the Airbnb and use the profits to pay of our current residence. Which would make us 100% debt free and very liquid. Within the next year or two we would be in position to purchase another Airbnb cash. 

Any seasoned investors willing to weigh in on this, we would be very grateful. Thanks in advance.