General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Best Investment of money on owner occupied
So now that I am finally in and settled generating passive income in my first owner occupied property, now I seek wisdom. What is the best investment of my money? Pay off my mortgage? (My rate is only 3.25 after streamline refinance). I have beautifully updated up and downstairs, and am going to wrap up the outdoor landscaping minimally in springtime. So once again, do I continue to invest in solar to minimize monthly outgoing expenditures? I am also considering geothermal heating/ac when my furnace does go eventually. Just didn't know if my mortgage payoff should be my main focus right now, and I would like other opinions. Keep in mind I have a 10 year plan to be moved on to my next after this one. (Preferably another 2-4 unit next, or my dream home). And this is all tenative, could be sooner. Also my bills, taxes and utilities for this property are what I would consider very cheap.