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im new to this and just trying to find my way
Well to start with generally you should be close to it not have paid off your own house, at the minimum. That way you don’t have to rent.
Basically its hard for a investment to return more than that saved buy paying off existing debt, since the current interest rates are 8% and hosues are only going up in value 8%. So if you are already in debt, just get out of it first. Then you can loan more money for an investment and use all the tax tricks to make the real cost of interest considerablly less than 8% and return yourself a profit.
Viewing 2 posts - 1 through 2 (of 2 total)
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