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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Brighton, MI
9
Votes |
21
Posts

Dave Ramsey... Should I save for 2nd home or pay off 1st

Account Closed
  • Rental Property Investor
  • Brighton, MI
Posted

I just bought my first rental home (with 10% down) where I plan on living in one room the first year while renting the other two out. My question is it more benificial to save up more money to pay for a second home and accumulate more debt or pay off this first one asap?

My plan was to build a housing empire, it'll take a lot longer if I plan on paying each one off before I buy another.

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