1 Paid-Off Rental vs. 3 Rentals with Mortgages: Which One Wins? [9ABDbZRGWLJ]
Episode #721 Should you *pay off your mortgage early* or buy _more_ rental properties? The first option gives you peace of mind, while the other allows you to *build wealth much faster.* In this episode, we’re fleshing out both strategies so you can make the right choice! Welcome back to another *Rookie Reply!* What’s better—a *debt-free property or a larger real estate portfolio?* The answer depends entirely on the investor, but we’ll help you determine the best path for you. As a new landlord, it’s only a matter of time before you’ll need to *make repairs to your property.* But what if that “repair” is something major, like *replacing an HVAC unit?* We’ll show you how to prepare for the worst before you buy! Finally, how do you _know_ if you’re *analyzing a rental property* correctly? It might _look_ like a good deal on the surface, but what if you’re *overlooking some major red flags?* Follow our tips, and you might just dodge a mistake you could regret later! Ask Your Question for a Future Rookie Reply: Episode Show Notes: Join BiggerPockets for FREE 👇 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: Pick Up the Book, _Scaling Smart_ : Sign Up for the Real Estate Rookie Newsletter: Find Investor-Friendly Lenders: Should You Pay Off Your Mortgage Early or Invest?: Connect with Ashley and Tony: Ashley: Tony: 00:00 Intro 00:40 Pay Off Rentals or Buy MORE? 05:47 Planning for Large Repairs 12:53 Analyzing Real Estate Deals 19:40 Send Us Your Question!