Getting ready to make some serious decisions!

[Mike Lynch]

My wife and I live in a small brick ranch 3/2 home in NC, worth about $120,000. We owe around $65,000 on it. Payments are around $674.00 per month including insurance.

My sister and I are selling my late Mother's home, due to her passing away in Sept. After splitting it with my Sister, closing costs, realtor fees, I might get around $60,000. Since the home went down in value, we do not pay capitol gains, so the Attorney told us. The closing will be on Apr. 24, 2017.

Mother's Home Zillow Link

We have another home that some of you have heard me talk about in earlier posts. It is now on the market. ( Finally! ... I almost thought we would never get finished with that monster )

River House Zillow Link

What to do, what to do? ....... Do we pay off the home that we live in first or keep making payments and invest the money from my Mother's home sale into something? I want to use the River house money to start buying some multi-family properties. Some people say to invest first. Some say to pay off the home that we live in first?....... Hum?..... I want the best bang for my buck, of course. I am not a huge risk taker. The time is drawing near to make some firm serious decisions instead of analyzing things to death. I would like to hear different options.

Thanks!