Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
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 over 8 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
John Hosey
  • Saint Charles, MO
1
Votes |
5
Posts

pay off primary residence vs pay cash for rental propert

John Hosey
  • Saint Charles, MO
Posted

I am recently married and we plan to sell my wife's home. The equity would be enough to either pay cash for a rental property or pay off the mortgage on our primary residence. Not sure which is the smartest move. What are the pros and cons?

Most Popular Reply

User Stats

5
Posts
1
Votes
John Hosey
  • Saint Charles, MO
1
Votes |
5
Posts
John Hosey
  • Saint Charles, MO
Replied

Thanks Herman. Those are my thoughts exactly but I wasn't sure if I was missing something. We plan to then do a HELOC to purchase our first rental property. Then hopefully refinance and put the loan on the rental property and repeat the process as we acquire more properties.

Loading replies...