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Updated about 3 years ago on . Most recent reply

Anna Flores's profile image
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Anna Flores
  • Investor
  • from Shreveport, LA
  • Member since Aug 20, 2020
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Anna Flores's profile image
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Anna Flores
  • Investor
  • from Shreveport, LA
  • Member since Aug 20, 2020
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Anna Flores
  • Investor
  • Shreveport, LA
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Starting Out

First BRRRR home investment, pay cash or finance?

Anna Flores
  • Investor
  • Shreveport, LA
Posted

Hi everyone, I am new in the Real Estate industry and planning on getting started in the next 2-3 months after finalizing our move out of state. For the first investment, would y'all recommend paying all cash (BRRRR book suggests paying 100% cash for the first investment) or financing? Thanks!

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Eric James
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  • from Malakoff, TX
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Eric James's profile image
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Eric James
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  • from Malakoff, TX
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Eric James
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  • Malakoff, TX
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Eric James
  • Investor
  • Malakoff, TX
Replied

Paying cash may allow you to refinance quicker (immediately after rehab). You also save on financing costs.

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