Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

43
Posts
11
Votes
Chris Mandle
  • Investor
11
Votes |
43
Posts

Pay mortgage or invest?

Chris Mandle
  • Investor
Posted

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

User Stats

549
Posts
411
Votes
Geordy Rostad
  • Real Estate Broker
  • Kirkland, WA
411
Votes |
549
Posts
Geordy Rostad
  • Real Estate Broker
  • Kirkland, WA
Replied

@Chris Mandle

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

Loading replies...