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Updated almost 6 years ago on . Most recent reply

Pay mortgage or invest?
I bought the coop where I live 1.5 years ago. 20% down, 80% financed. I feel pretty good it’s a gentrifying neighborhood and could eventual sell and make some $$ on it. However I think this will take at least 10 years. When I purchased I did not know I would want to get into investment real estate. I am starting to educate myself, but now I am torn if I should aggressively save up to pay down the principal or save up for an investment property. Any advice?
Most Popular Reply

There is basically zero chance of finding cheaper money than that. Keep that loan!