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chad rogers Asked:

Our home that is being sold now is paid for. we've moved in to our new home. i'm trying to decide what to do with the $ from our old home. do i put all of it toward our new home or do i do something else with all of that $? [spring hill TN]



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Answer Provided by: Danny S. Kim [03/20/2008]

Tough question for this type of forum. It all depends on your financial situation and life objectives. If my clients are comfortable w/ existing pymts, we advocate they take advantage of low rate, tax-advantaged loans such as mortgages currently. Keep them and invest cash into cashflowing rental properties. By building a portfolio of cashflowing rental properties, the goal is to ultimately replace earned income w/ passive income from rentals.