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Updated about 5 years ago,
In need of some advice
So I just purchased my very first house, which is also my current residence for my wife, two children and myself, I had to completely drains my savings in the process. I know I'm at least 1-2 years out from being able to purchase my first rental property because i have absolutely no capital saved. My question is, would i be better off dumping all my extra cash into the principle of my house to build equity that i can later use to help purchase my first investment or would i be better off putting my money into a savings account ?