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Updated 3 months ago on . Most recent reply
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