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Updated over 6 years ago,
To start buying real estate investments or pay down my own house?
I live in columbus Ohio. I was saving and studying to invest in real estate to become financially free in 2015-2016. I was living way below my means to save for my first rental... then my girlfriend found out she was pregnant and my 65k saved for a rental went into a down payment for our own home.
I still want to invest in real estate but my question is when. I owe 230 on a 315 house and I’ve been spending extra cash to pay down the house (4% interest rate). Should I save and buy a rental or pay down the mortgage? I make 120k a year and can save around 25k a year toward either my own mortgage or first rental. Thanks!