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Updated about 3 years ago on . Most recent reply
How do yall feel about buying a rental property all cash?
How do yall feel about buying a rental property all cash? This will be my first investment and im wondering if it will be a good idea. I am fortunate enough to work a job I love that makes me a decent income. My plan is to buy a rental house all cash so I dont have to worry about mortgage payments and all the rental cash will go towards my next investment. My plan is to save income from my job and rental income to buy 1 property every year and rent them out. Is this a good strategy?
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I'm still a newbie, but if I had enough cash to buy a house outright, I'd probably use it as downpayments to by a few houses with mortgages. Let the renters pay the mortgage and have multiple rentals coming in. Interest rates are low right now.