Payoff everything in 5 years or continue to build real estate portfolio?

Answers:1   |   LastUpdateAt:2017-03-23 19:27:27  

Asked at 2012-08-06 03:13:47
My husband and I met at financial crossroads in our lives. I recently finished my residency , which is about to get your MBA in two weeks. I found a "snowball " debt calculator to adjust the profits of my new doctors who attend and rewards us our debts (mortgage of the main house, 3 mortgages investment property, a credit card and student loans small ) in 5 years. This does not include pay raises that my husband is expected to receive , as full payment may come sooner than 5 years. We also save you tons in interest saved from early pay off .

On the other hand, also set a goal of building a real estate company in the long transition from medical residential rental commercial property rental . In support of this objective , it could take advantage of the housing market and continue to purchase a residential rental property . This makes us a lot of money because our great city in southern Texas has a low-cost housing is now even cheaper in this depressed market , but certainly it will be worth more considerably in the next five years.

My husband and I have discussed this in detail, we have gone back and forth. Both routes are very attractive. So my question is this - If you were in a similar position, you just enter " payment method " and clear your debt in 5 years or continue the construction of real estate holdings ?
Answer1elliotAnswered at 2012-08-06 03:50:47
If your goal is really to start a real estate company , I would like to take advantage of current housing prices and buy a couple more properties . If / when your husband gets a raise , then consider the debt more aggressively to raise.
Answer2JameAnswered at 2012-08-06 05:22:47
Try using online calculators and get a round figure payment and pay off first. I hate to tell you ... sorry ... but all grades in the United States are worthy role and nothing else. Do not fall into the surface world , bully .. where nothing matters .... go to alternative media and see how people are changing their lives for the better.

Gerald Celente type and get their economic views .. go to the Alex Jones website and see how people are changing their lives by thinking differently to what the government wanted to believe
Answer3MekiltAnswered at 2012-08-06 15:34:46
To me it sounds like you're on the right track . There is a great website that talks a lot about portfolio construction and real estate debt . That looks like exactly what we're trying to do. I check it out! I think there membership plans and you can get one -on-one help if you get the premium. I listen to the radio program Radio unlock your wealth much and I think it has good information valuable. I needed to get out of debt in a divorce terrible. Let me know what you think!
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