597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Apr 17, 2022

Is it smarter to pay off debt or invest in real estate? The discussion unpacks this dilemma, especially in today’s inflationary climate. Strategies like house hacking in competitive markets are explored, alongside the benefits of investing versus renting. You’ll learn about key insights on property management, effective communication with agents, and the importance of adapting to market conditions. Plus, get tips on optimizing rental income and navigating property taxes for better cash flow!

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ADVICE

House Hacking over Debt Repayment

Prioritize house hacking to minimize living expenses and build equity.
Keep expenses low to pay off debt and invest simultaneously.

ADVICE

Primary Residence vs. Short-Term Rental

Prioritize buying a primary residence in your desired location, even if it's a small condo.
Consider short-term rentals if a primary residence isn't feasible, but acknowledge the risks.

ADVICE

Effective Realtor Relationships

Set clear expectations with your realtor and maintain consistent communication.
Be decisive and motivated in a hot market to be prioritized by agents.

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