BiggerPockets Real Estate Podcast 621: Seeing Greene: Is Paying Off My Mortgage Early a Mistake?
Jun 12, 2022
Discover the debate on whether paying off a mortgage early is wise or risky. Hear about leveraging real estate investments to scale quicker and the significance of cash flow. New investors will gain insights into effective loan management and building cash flow as expenses rise. Learn about house hacking strategies for younger investors and navigating HELOCs. Explore the balance of risk and strategy in financial decision-making, especially for those new to the market.
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Leverage vs. Cash for Widows
- Debra, if you're not working, avoid loans and buy properties in cash to minimize risk.
- Start with small multifamily, learn the ropes, then consider leverage when you're more experienced.
Advice for Young Investors
- Yasir, focus on your career first before diving into real estate.
- If financially stable, house hack by buying a small multifamily and renting out units or rooms.
Balancing Cash Flow and Appreciation
- David, define your lifestyle goals with your wife before choosing an investment strategy.
- If you value time, pursue cash flow; if you're willing to work, stick with short-term rentals or consider appreciation plays.
