Need Advice for Future

[David Pereira]

Hello, 

I am 29 years old. My wife and I were fortunate to be able to buy a duplex middle of 2021. We live in one unit and rent the other. 

I’m the near future, I might have enough to be able to buy an additional rental property cash. Now I understand that with my age, I should be using leverage to maximize investment returns. On the other hand, I can also appreciate the stability and consistency of cash flow when purchasing a property cash. 

My question would be would it be smart to purchase another rental property cash in order to be conservative and use that property as my tool to go out and buy additional rentals? 

Thanks in a

[Julien Jeannot]

@David Pereira

Good questions, that depends on your goals, strategy to achieve said goals and risk tolerance.

Personally, in the build phase of my strategy, I like leverage as long as it provides some cash flow.

I also have to be mindful of the partners I have brought on, some like a lot of cash flow and others don't care as much.