4 ms·

Pay off my house, and put the remaining ~200K into buying a rental

• mars4rp 10y ago
  that gives you a sense of security but you are losing the most important reason of owning your own house, Tax Deduction!
  • jotato 10y ago
    My mortgage payment would be redirected into other investments. I would take an additional ~1900/mo going into that than a tax deduction any day
    • mars4rp 10y ago
      you can invest your whole money and easily get an %5 return ( more than your interest rate) on that. and invest that money instead and you will get the tax benefit of the deduction as well. double dipping ;)
      • jotato 10y ago
        With much more risk. Don't forget to take that into account
        • mars4rp 10y ago
          if the end goal is investing anyway the risk should be the same, your house is not completely risk free investments considering the crashes. and getting %5 out of rental is not that risky! not much more than your home.
          • jotato 10y ago
            I think we just have different opinions on risk and investing