When is a traditional mortgage worth it?

[Jamie Brayton]

I should start by saying I just joined the forum and posted two situations that make us unlikely candidates to qualify for a mortgage (I think). We are very green. We do have EXCELLENT credit and have a mortgage on a personal home, but have wacky personal financing for two other potential properties.

In case we ever could qualify for a traditional loan, I’m wondering how many of you recommend it. I think we understand the benefits of good debt, and we also have hopes to pull our money out of properties once they are up and running smoothly (fingers crossed).Our first two deals are in the works, but we are trying to avoid rookie financing mistakes. We have a great account and we read a ton and listen to the podcasts, but it seems everyone has a bit of a different strategy with this.

[Samantha Klein]

Many of us here use mortgages (good debt) to build our wealth faster and highly recommend it. Why would you not want to take advantage of the cheapest money available?

As an investor, it's one of the smartest things you can do. As long as your not leveraging yourself too high and buy the right properties and by that, I mean run all of your numbers and be somewhat conservative.