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Updated over 8 years ago, 03/23/2016

User Stats

40
Posts
5
Votes
Jonathan Studdard
  • Wentzville, MO
5
Votes |
40
Posts

Should I pay off my mortgage or re-invest my inheritance?

Jonathan Studdard
  • Wentzville, MO
Posted

I'm inheriting enough cash to pay off my existing mortgage of a little over $180,000 and still have a little under $15,000 leftover. While the idea of having a paid-off mortgage seems awesome, I feel as though with the right strategy I can use that cash to make more money flipping real estate, which I ultimately want to do. I'm brand new to the game and don't know what my best starting point is given my situation.

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