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Updated over 8 years ago on . Most recent reply

pay off primary residence vs pay cash for rental propert
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

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.