[USER]

What would you do? I have 6500 in rental income/ mo
My monthly expenses before tax are 5500/ mo I am 52 and retired.

I have 230k in my 401k
210k in my self managed fidelity account
I have 1M to work with…. Would you…

Pay off a rental property 350k to give me 2000 more per month? (that’s 340 left on loan)

Purchase a new rental property?

Put it in an fxaix/qqq?

Put it in SCHD?

Thank you!!!

[Rob]

What’s the interest rate you’re paying? Is it fixed?

[Josh]

Couple questions first: how much of that 1 million is cash? Do you have children that you want to create generational wealth for?

What’s your goals for your finances?

[Bennett]

Congrats on the early retirement and building up the rental income! I personally would buy more rentals with that. Will provide you with more tax benefits, more cashflow, and more appreciation.

And you’re still young at 52.

When I had a fairly good chunk of pure cash I was faced with the same issue.

I bought more rental instead of paying of long term debt, and came out much better, now 2 years later.

Sure, it’s a little more of a headache but man it’s worth it.

[Cope]

Are you recasting to get your payments down?
Everyone I know in real estate is getting out of rentals and moving into apartment complexes once everyone gets wrecked on refinancing.

[Author]

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