Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 5 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...