Should I invest in real estate or pay off my mortgage or my primary home?

**MassRealEstate** · 02-04-2012, 11:37 AM

Originally Posted by vijendrasnv

It is advisable to pay off the mortgage first and then making another investment can be easily done after paying off the mortgage and it will thus help you in more productive way.

One need to be very careful about the market requirements and necessities that are worth helpful.

Ohhh lord, this is totally an unacceptable responce^^^. This is a question which involves many factors to weigh before simply saying its better to pay off an exsisting mortage.
#1 how much is the rate on your existing mortgage and how long is the term.
#2 what is your liablilty risk (for sure having a mortage on a house is makes for smart liability risk, even if you have the money to pay it off it will for sure leave you in a position to talk to an attorney to make sure your not posting a big sign that says come sue me because im so very sueable now).
#3 have you been a landlord and do you understand all the positives and negitives that come with it?
#4 i dont have time to go through the other 27 topics right now which would be smart to understand prior to investing but rest assured they exsist and this question is a very intricute one which should not be answered in a one sentance statement of yes or no.

**WinaltHome** · 02-06-2012, 03:35 AM

Originally Posted by Prisca Lyndi

I was thinking about buying a piece of property to rent as an investment but now I am second guessing myself. Should I pay off my primary home's mortgage early instead?

The best way you can save money is to pay your primary home's mortage as early as possible. In that way, you can avoid other problems or situation with regards to it. You should also get someone like a realtor to aid you out rather than doing it on your own. Sometimes, it is actually worth it that way.