Hi all, I am trying to figure out on what is the best way to invest my savings. On one side: i can invest this in the down payment for the rental property. On the other: make a big dent in my primary mortgage and take an equity loan. Is there a better way? is one way is better then another? Better tax ?
Paying down your primary and then turning around and borrowing the equity is needlessly complicated. Just use your funds for down payment on a rental. If you want to accelerate paying down your mortgage, use some of your cash flow to do that.
You'll be making more money using those savings as a DN versus getting anemic returns wherever you have them parked.
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