If you're confident you can find better cash-flowing deals or scale your portfolio with leverage, it could make more sense to reinvest rather than pay off the loan.

Quote from @Connor Castillo: Hi all,For anyone who has student rentals I would love your advice!

I took a small private loan and bought my first home.

I took a small private loan and bought my first home.

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows. 

We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!

The builders lender was pressuring them and would not give them new loans until these were retired..

Im assuming I will learn the markets and what it takes to get a loan ect.

Initial Financing: Used a hard money loan (HML) with 10% down, interest-only at 10.95% for 1 year.