Invest in Real Estate or Pay Off Mortgage?
When is it a good time to invest in real estate and rental properties?
ANSWER: Listen to your wife. Pay the house off. She has a risk meter that’s better than yours. You’re doing everything with math; she’s calculating risk and intuition in the equation. If the paid-for house is going to make your wife feel more secure and stable, then you need to pay it off. It will give you more emotional and relational stability, which will make you a better investor in the long run.