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Updated over 6 years ago, 05/21/2018

User Stats

40
Posts
18
Votes
Torey Chumbley
  • Cameron Park, CA
18
Votes |
40
Posts

Payoff home or invest

Torey Chumbley
  • Cameron Park, CA
Posted
Hello BP family! I’ve spent many hours researching turn key real estate and I am about ready to finally pull the trigger. I have about 100 K saved to start my first deal but wondering about my strategy to pay off my home. I have been adding about $3400 per month to my mortgage for the last year and a half and will have it paid off in full in about another 3 1/2 years which is also when I plan to retire. Should I continue to pay down the mortgage or use the money to buy rentals? Also wondering if it is better to leverage the rentals or pay cash? I would love to hear your opinions. Torrance

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