If your principal residence's mortgage has not been paid off, general speaking, it will be good to deposit the money to your mortgage account other than invest account directly. It will ensure you pay off your mortgage sooner.
Then, go through a home equity line of credit (HELOC) or refinancing to get the fund to re-invest such as buying real estate. The advantage is that the loan interest is the investment cost and can be tax deductible. The disadvantage is that the fund is usually less than the whole money mentioned in the title. It is important to note that the investment income can be deposited in your principal residence's mortgage account again to accelerate your mortgage pay off.
However, if your principal residence's mortgage rate is far lower than HELOC or refinancing rate, it is necessary to balance your principal residence's mortgage interest and net re-investment income prior to decision-making.
You need to be aware the risks of re-invest and develop strategy to mitigate risks.
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