buy one rental property cash or multiple properties with mortgage

[Bryan Ester]

Lets say you 1 million dollars. When does it make sense to take that million and buy lets say 2-3 different properties (by taking out loans and having a mortgage) and create rentals which then cover your mortgage but are not cash flow positive (or maybe they are slightly negative)?

Versus just buying a place cash and immediately becoming largely cash flow positive?

I imagine it depends on what your goals are, if you want to be cash flow positive now and retire, vs wait 30 years for all 2-3 properties to be paid off and then you have 4 properties that are paid off?

[Neil Smith]

@Bryan Ester, I've been in touch with a realtor in the Columbus / Cleveland area. @Joshua Janus would be a great resource, if you're willing to look at properties in Ohio.