Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Jonathan Frasco
1
Votes |
1
Posts

Buy my 1st property now, or wait until I have more money saved?

Jonathan Frasco
Posted

I've been interested in getting into real estate investing for a couple of years now and have studied and read a bunch of books (many from BiggerPockets), and I think the BRRRR is the best strategy for me. Is it worth waiting a few years to save up the money to buy a house out right with a cash offer? Or am I better off getting in the game sooner with traditional financing?

Most Popular Reply

User Stats

246
Posts
225
Votes
Ryan Ingram
  • Rental Property Investor
  • Dayton, OH
225
Votes |
246
Posts
Ryan Ingram
  • Rental Property Investor
  • Dayton, OH
Replied

I think traditional financing is always the way to go, until you can't anymore. 

I do not think you should buy a house in cash, even if you have the means to do so. 

The power of leverage is substantial, you'll be a lot further ahead by using leverage, then by doing everything in cash. 

We have 64 units and most are leveraged, those that aren't....will be soon.

Loading replies...