New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 6 years ago,
Next steps? Pay down mortgage for more equity or save separately?
Hello,
I am very new to investing for my future. I previously thought that buying my house would propel me in the right direction but now I am realizing I would have much rather purchased a multi-family property with my VA loan. I also have a rather small amount of money ($25k) tied up in an TSP.
I was hoping you could help with my next steps. My wife is from Brazil and owns a single unit apartment there as well, but due to her contract, cannot rent it out until the mortgage is paid in full. Should we refinance or HELOC our house here in the US to pay off the apartment so we can rent it out? Or should I use my TSP?
Another issue to consider is I just bought my house in 2018 and it is new construction so there is probably not much equity.
Any tips or advice is appreciated!!
-Sean