Invest in RE or pay off personal mortgage

[Kristie Hurst]

My spouse and I are debating whether to invest in a rental property(s) or pay down mortgage. Maybe do a little of both? I’m all for buying rental property, which my spouse is as well but he’s wondering if the current market lends itself towards paying down our mortgage and waiting for a better market. His business partner is a CPA and recommends tackling the mortgage.  I’d love to hear what seasoned investors would recommend. 

[Joe Villeneuve]

This is any easy one.  Just follow the money path...and keep it moving forward.

1 - Buy the rental porperty first

2 -Use the cash flow from the rental property to pay off the home mortgage

3 - Aftertherental property is done paying off you own home's mortgage, use that same cash flow to pay off/for something else.

Using your money to pay off you mortgage is a waste of your money since you only get one use out of it.

Using it for a rental property, and your money keeps working for you...including, doing the "one time" option of paying off your own home.