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Updated over 7 years ago,
Should I pay off my home or buy more rentals?
Hello Everyone at Bigger Pockets!
I currently own 5 properties in Houston TX all residential rentals. I have a mortgage on only one of them. The home with a mortgage I am currently selling after sale I will have rough 300k take home the same amount I need to pay off my current non investment home I live in.
Would it make more sense to pay of my home? Or purchase two rentals at 150k each in Houston to rent them out for $1500 each which is 36k gross 20-24k net.
I would love hour suggestions and input. I know no on in my circle that buys and holds time to change that. V