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Updated over 2 years ago,
Sell primary to pay off investment property?
Im considering selling my primary residence to pay off 3 rentals. I would be able to rent a house for the amount of rental income I would receive if they were paid for. This would allow us to use all our day job income to completely pay off a 4th rental within 2 years. Then the plan would be to save money for a down payment on a new primary residence the following 2 years. At that point we would have about 5k in passive income to make our mortgage payment. If the market started to go crazy I would probably sell the 4th property and buy a primary residence sooner. Looking for pros and cons. Thank you.