Just bought my first home. Do i pay it off ASAP or buy another

Just bought my first home. Do i pay it off ASAP or buy another

Rental Property Investor · Member since 2019 · 3 posts · 5 votes

I just bought my first home (single family) for around 90k with a 15 year loan.  It is in great shape, and i can afford to pay it off In about 5 years.  My question is, should i pay it off as soon as possible or should i work on buying another home in a year, and have one up for rent pay for itself?

0Reply
15 views

1 Reply

Jump to latestLatest
  • Rental Property Investor · Member since 2018 · 45 posts · 13 votes
    7y

    @Javier Barrera, Congratulations on your new home! Having rent pay the mortgage with a second house is a better choice.

    Do you mind sharing where did you buy the property and what were the costs associated.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.