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Updated about 5 years ago on . Most recent reply

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Cameron Brulotte
  • Real Estate Investor
  • Seattle, WA
9
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House Hacking in Seattle

Cameron Brulotte
  • Real Estate Investor
  • Seattle, WA
Posted

So I'm buying a condo in Seattle, gonna rent out the master bed,  I can turn into a rental in 1 year, should I really focus on saving money to make my next deal or do higher mortgage payments

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

Hi @Cameron Brulotte. (I moved your post because this is more of a "Starting Out" question than a question about BiggerPockets.)

If you're looking to own more rental property, then paying down the mortgage doesn't really help you save for the next property. And rates are only going to go up. They've been too low for too long. Why pay off those low-interest rate loans quicker than you need to?

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