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Updated over 7 years ago,
Buy Multi family with cash or loan?
Hey , my name is Eli i am 19, i live in upstate newyork,i am looking forward to get started in real estate, i have a house that my father gave me before he died that is completely paid off and worth like 150k , and here the multi family homes are very cheap like i could buy a multi family home that is 3 units for just 55k and could return me an income of 1500 to 2000 a month in total ,what should i do if i sell my house ? Should i put multi down payments and buy a lot of multi family homes or should i buy 3 or 2 that are completely paid off and then buy others with a loan? Thank you