Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 8 days ago, 11/19/2024
Getting ready to purchase an SFR rental
Hey folks,
Quick questions for you. I have enough cash in the bank to purchase a small 2bd, 1ba SFR (already cash flowing/w tenant) outright. My question is, should I make a cash purchase so I can own it free and clear? Or, should I just take a fraction of money and put that towards a down payment and finance the rest with a 30 yr mortgage?
Thanks.
Pat
Quick questions for you. I have enough cash in the bank to purchase a small 2bd, 1ba SFR (already cash flowing/w tenant) outright. My question is, should I make a cash purchase so I can own it free and clear? Or, should I just take a fraction of money and put that towards a down payment and finance the rest with a 30 yr mortgage?
Thanks.
Pat