Should I pay off my mortgage
Hi guys so I have a question ? I currently inherited a property in downtown bk. I refinanced it for 420k. I rent the one duplex for 10k a month . My net is 6 k all
In . So I’ve read all the books flipping / brrr. W.e u ask I read it . My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals . With rental increases I could prob pay off my mortgage in 5/6 years which would net me 4K. Month . I took a heloc with the intention of investing currently at 1 million and the rates at 9 percent . What’s the best way to move forward