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

Better is to pay all of your homes mortgage as compare with any thing else..

It depends on your financial situation. Right now is a great time to pick up another property but only if your are in the right financial situation.

I guess you should try this out at least once.. good Luck

Have you checked the rental market in your area? A rental investment might be far superior to paying off your home mortgage, but you should be aware that you won't be making money while the house is on the market and that you need to keep some money in savings for repairs. If this is too much of a risk, then you're better off focusing on your home mortgage.

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.

If there will be a road to being Debt Free, then take it. Hard to think of it as it is.
Anyway sometimes pure instinct makes the best decisions on Investments.

Best of Luck on your decision.

Another great investment rather than buying a property is investing in notes. You can always buy a note either performing or non-performing. You can get them at discounted rates and depending on what you want to do can either keep the note, performing notes you can get a 5% or more return on your investment or buy a non-performing note on a property and either work with the homeowner to short sale the property or take over the property yourself. I work with Inverse Investments and Scott Carson and we actually have some non performing notes on income properties! it is a great way to invest without the headaches of tenants or rehabbing a property!

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?

I too invest, and here is the thing to consider: as long as you are in a stable or rising market real estate investment offers amazing leverage (the amount of down payment required vs. the borrowed home loan). The ROI for Real Estate is 2nd to none because of leverage.

Personally, I think early payoff of your mortgage is a waste, because your rate is so low, that even investing in a mutual fund should get you a better return than early payoff of the mortgage.

We can discuss further if you'd like.

Cheers,
Jeremy

To Pay off the mortgage early is a good reason and can not be quantified. This is totally debt free including your mortgage psychological factors. This is a liberating feeling, it is difficult to describe unless you have done. I was in the financial field, I also like the fact that, to meet the feelings of others, money is more important than simply processing digital .