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Updated almost 7 years ago,

User Stats

12
Posts
3
Votes
Jeffrey Suh
  • Plano, TX
3
Votes |
12
Posts

Whether to buy wholesale or put money down

Jeffrey Suh
  • Plano, TX
Posted
Hi, My name is Jeffrey, and I’m a veterinarian living in North Dallas area. Me and my wife worked and saved for the last 15 years to accumulate a little over $650K. We are currently in a situation where I will be purchasing the practice ($1.6M) within several months that I’m working at (owner finance), and we (my wife) decided to build a $600K home. My question is: Do we buy the house fully with cash or do we spread the money and invest? Since we’re pretty new at this, we’re thinking of putting $300K to the house then purchase a townhouse or an apartment with cash. That way, we may be able to purchase it at a cheaper price and get better cash flow. What do you guys think? We have never invested in any property; so advice will help.

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