Question for everyone- Spokane

[David Walker]

I recently moved to Spokane Wa after leaving my house hacking duplex in Tri-cities. I am considering selling the duplex next month, after taxes and commissions- I will be at $40k profit. I am weighing the pros and cons between reinvesting in the Spokane market (i.e. 20% down on a 100k house and renting). Or... making $40k one-time principle payment on our primary home morgagte(252,000 owed).  Amortization schedules are saying that I would shave roughly 9 years off my loan, with an interest savings of $77k.  

What are your guys thoughts?  I appreciate you taking the time to give me feedback!!  :) 

[Brody Jett]

what are your goals? Use them as your play book on what to do. Our suggestions are just that. You want to be closer to debt free do the mortgage pay off and go back to what you do for work. You could take 40k and work hard to find partners to go in on a 1mill $$ multi family prop that now brings you income monthly given you find a good deal. I am in the same boat house hack in duplex in spokane sold a home last week and have 33k not as much but similar. My problem is i love to invest. If i paid the 33k to a mortgage then thats it done, gone. I am usingmy money to generate more money so it keeps compounding. i have stopped acquiring debt and once the rest is paid off then i can put my proceeds to a passive multi to retire. Food for thought pm me if you want to chat more. Good luck

Brody Jett