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Updated about 5 years ago on . Most recent reply

Zach Shahan's profile image
Zach Shahan's profile image
Zach Shahan
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Aug 13, 2019
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Zach Shahan's profile image
Zach Shahan's profile image
Zach Shahan
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Aug 13, 2019
Connect
Zach Shahan
  • Rental Property Investor
  • Indianapolis, IN
0
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22
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Buying & Selling Real Estate

Live for free or Pay Off House Quicker?

Zach Shahan
  • Rental Property Investor
  • Indianapolis, IN
Posted

Hello,

I just bought a house (20% down) and I have two "tenants" renting from me. They are paying my mortgage and some. I want to get a few opinions on this scenario:

1) Live for free. Let them keep paying my mortgage. Save up to buy another property and do the same.

2) Extremely over pay on my mortgage every month and get my house paid off much quicker. Then buy more properties in 5-10 years once that is paid off.

Thanks in advance!

Zach

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