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Updated over 5 years ago on . Most recent reply

Garrett Gatton's profile image
Garrett Gatton's profile image
Garrett Gatton
  • Real Estate Agent
  • from Lima, OH
  • Member since Aug 30, 2019
  • Posts 34
  • Votes 18
  • Experience 5 Yrs
  • Investments 1
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Garrett Gatton's profile image
Garrett Gatton's profile image
Garrett Gatton
  • Real Estate Agent
  • from Lima, OH
  • Member since Aug 30, 2019
  • Posts 34
  • Votes 18
  • Experience 5 Yrs
  • Investments 1
Connect
Garrett Gatton
  • Real Estate Agent
  • Lima, OH
18
Votes |
34
Posts
Starting Out

Saving up cash VS. financing your 1st Buy + hold

Garrett Gatton
  • Real Estate Agent
  • Lima, OH
Posted

Trying to wrap my mind around the pros and cons of saving up cash to buy my 1st buy + hold VS. financing it just so I can get started? Thoughts? Which one is better?

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
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I'd finance.  Where I am properties start in the low $200K for single family homes, so it would take a long time to save for a cash purchase.  Plus letting the tenants 'pay' your mortgage means you don't have to.

  • Theresa Harris
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