Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 hours ago on .

User Stats

15
Posts
0
Votes
John Paul
Pro Member
  • New to Real Estate
  • Staten Island, NY
0
Votes |
15
Posts

Should I pay off my mortgage

John Paul
Pro Member
  • New to Real Estate
  • Staten Island, NY
Posted

Hi guys so I have a question ? I currently inherited a property in downtown bk. I refinanced it for 420k. I rent the one duplex for 10k a month . My net is 6 k all

In . So I’ve read all the books flipping / brrr. W.e u ask I read it . My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals . With rental increases I could prob pay off my mortgage in 5/6 years which would net me 4K. Month . I took a heloc with the intention of investing currently at 1 million and the rates at 9 percent . What’s the best way to move forward

Loading replies...