Pay Off House vs. Buying Turnkey Rentals

[Nate Hammond]

Hey everyone,

I'm about to inherit a substantial amount of money through my fathers estate. The amount of money is enough to:

1. Pay off my primary mortgage...OR
2. Buy two turnkey properties for cash through a place like Mid South Home Buyers...OR
3. Buy around 5 turnkey properties via financing through a place like Mid South Home Buyers.

My mortgage payment is approximately $1,600/month. Simply getting rid of that payment would be nice and a huge breath of fresh air.

Buying two properties for cash would bring in enough cash flow to cover my primary mortgage payment.

Buying 5 properties via financing is obviously the most "long term" wealth building option, but also comes with more risk.

I understand most of the pros and cons of each option but I would love some more opinions of these options.

Thanks in advance!

[Joe Villeneuve]

3

Do the math.  ALL of the math.