pay off primary residence vs pay cash for rental propert

[John Hosey]

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?

[John Hosey]

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.