Payoff home or invest
Hello BP family!
I’ve spent many hours researching turn key real estate and I am about ready to finally pull the trigger. I have about 100 K saved to start my first deal but wondering about my strategy to pay off my home.
I have been adding about $3400 per month to my mortgage for the last year and a half and will have it paid off in full in about another 3 1/2 years which is also when I plan to retire. Should I continue to pay down the mortgage or use the money to buy rentals?
Also wondering if it is better to leverage the rentals or pay cash? I would love to hear your opinions.
Torrance