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Updated almost 6 years ago on . Most recent reply

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9
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3
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Keith Odom
  • Real Estate Agent
  • Augusta, GA
3
Votes |
9
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Is it better to pay off property or invest more into business

Keith Odom
  • Real Estate Agent
  • Augusta, GA
Posted

I've heard alot of different strategies on how to go about being successful in your business. Is it better to pay off your home/one of your investment properties or is it best to keep investing your funds towards more flips and rental properties?

Most Popular Reply

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6,048
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,095
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6,048
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Keith Odom this is a very personal question and the answer depends on your risk tolerance. I personally have always chosen to funnel funds back into more properties as opposed to trying to pay down debt. Paying down debt is fine, but it will slow you down quite a bit because debt is your leverage as an investor or business owner. 

  • John Warren
  • Loading replies...