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Updated almost 7 years ago on . Most recent reply
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Pay down or invest??
So I have a property that cash flows 175 a month after mortgage, property manager, repairs, and vacancy. Should I make extra payments on the mortgage, or invest it in the stock market. I use Robinhood so I get commission free trading and I only invest in dividend paying companies who are well leveraged and not drowning in debt. Just looking for advice from someone a little more mature and experience than me. I don’t want to spend it lol and I know if I don’t give it a purpose it’ll be gone at the next gun show I go to or something.
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Burying cash in a property is not investing, it is buying cash flow. This is the worst thing a "investor" can do with their money. You are not a investor if all you are doing is hoarding cash. Equity is where cash goes to die.