Pay off mortgage or buy a flat with 100k?
Hi WSO,
Personal situation here: I have 100k left on a mortgage and recently attained 100k.
Question is would it be better to pay off the mortgage straight away or buy a flat with the cash?
Would love to hear your thoughts on what to consider / what you would do?
(No experience w RE so in the dark atm)
Neither, buy 4 flats with leverage.
Second this, maybe slow down and only buy 2 haha. Opportunity to rent out
Totally depends on your risk tolerance, job security, other savings, mortgage interest rate, etc.
Also, just curious, why would you want to buy a flat vs. put it into REITs (currently pretty underpriced as a whole) or other stock?
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