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Updated about 10 years ago,

Lloyaal Thomas's profile image
Lloyaal Thomas's profile image
Lloyaal Thomas
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Dec 5, 2014
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Lloyaal Thomas's profile image
Lloyaal Thomas's profile image
Lloyaal Thomas
  • Rental Property Investor
  • from Atlanta, GA
  • Member since Dec 5, 2014
Connect
Lloyaal Thomas
  • Rental Property Investor
  • Atlanta, GA
0
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10
Posts
Starting Out

Buy in cash or payoff and finance?

Lloyaal Thomas
  • Rental Property Investor
  • Atlanta, GA
Posted

Greetings BP,

I’m currently looking to purchase another investment property at 65k. But I have 4 properties mortgaged with the lowest balance being 25k. Every bank that I’ve talked to will not allow a 5th mortgage. I can buy the property 65k in cask OR pay off the 25k property and put down 25% on the 65k property to fnance. Any suggestions? Thanks

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