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Updated over 9 years ago on . Most recent reply

User Stats

53
Posts
4
Votes
Heather Ippolito
  • Investor
  • Port Jefferson, NY
4
Votes |
53
Posts

Pros and Cons to paying cash for a house?

Heather Ippolito
  • Investor
  • Port Jefferson, NY
Posted

I'm looking for my first SFH to buy ans rent out. I'm looking for houses around 90-100K. Is there a reason not to pay cash for a house if I can? I know it will take longer to get my return on money in my pocket. Anything else? Thanks

Most Popular Reply

User Stats

17,454
Posts
30,143
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,143
Votes |
17,454
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Pro: Leverage creates better returns. It is as simple as that.

Con:Leverage creates more risk.

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