Sell Or Keep The Property
Dave thinks Rob should sell their rental property immediately so that he can pay off his debts and then invest the rest.
QUESTION: Rob inherited a piece of property in 1997 they are using as rental property now. He is thinking about selling the rental property – worth about $210,000 – and become completely debt free. Should he sell it?
ANSWER: I’d sell the rental property in a heartbeat. Then take all the payments that you don’t have anymore, invest them in good growth stock mutual funds, and you’ll have more money at the end of the day.