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General Real Estate Investing

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Pay Down vs Invest

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Posted Aug 3 2008, 11:00

I currently have enough money to pay down 65% of a California townhome I plan to live in, but that money could easily buy several investment properites in other parts of the country.

My uncle is a real estate agent who owns a property management company. He told me if I decided to buy property in his area he could put me in contact with a birddog and set me up with some nice investment property.

My question is, should I go ahead and pay down my house or buy rental property and let that pay my mortgage?

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