Debt free investors

[David Avila]

I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors. 

My questions are:

Was there a benefit to going debt free?

How much money did you start your venture with?

How much should I be prepared to save for costs other than the property itself, such as maintenance and insurance?

Thank you for taking your time to answer. 

[Scott Lewis]

Hey David, 

One of the huge advantages to RE is it's the only investment out there you can get 100% control of the asset by putting up 25% (investment loan down payment) of the asset. 

Is there a particular reason you're looking to buy for cash and keep the cash tied up in the property? 

You might want to check out threads on BRRR.