$150K...top places to buy free and clear?

[Justus Angan]

I currently live in California. Have a primary family home but looking to start diversifying into real estate. Have about $150K cash to invest. Not much you can buy free and clear out here, so looking out of state. Where are some good up and coming areas to look at?

[Jeffrey Albaum]

@Justus Angan check out the latest BP episode (#569 as of this writing) - they do a really good job breaking down the difference in "risk" of owning properties outright vs. having a mortgage on them...was very interesting to think about it from that perspective.

Hope this helps!