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HomeForumsGeneral Landlording & Rental PropertiesShould I pay off my home or buy more rentals?
Alexander Parada's profile image
Alexander Parada's profile image
Alexander Parada
  • from Woodland Hills, California
  • Member since May 25, 2017
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39
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23
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Alexander Parada's profile image
Alexander Parada's profile image
Alexander Parada
  • from Woodland Hills, California
  • Member since May 25, 2017
Connect
Alexander Parada
  • Woodland Hills, CA
23
Votes |
39
Posts
General Landlording & Rental Properties

Should I pay off my home or buy more rentals?

Alexander Parada
  • Woodland Hills, CA
Posted May 27 2017, 05:10
Hello Everyone at Bigger Pockets! I currently own 5 properties in Houston TX all residential rentals. I have a mortgage on only one of them. The home with a mortgage I am currently selling after sale I will have rough 300k take home the same amount I need to pay off my current non investment home I live in. Would it make more sense to pay of my home? Or purchase two rentals at 150k each in Houston to rent them out for $1500 each which is 36k gross 20-24k net. I would love hour suggestions and input. I know no on in my circle that buys and holds time to change that. V
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