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Updated almost 8 years ago, 01/04/2017

Eddie Lawal's profile image
Eddie Lawal's profile image
Eddie Lawal
  • Real Estate Investor
  • from Richmond, Texas
  • Member since Sep 9, 2015
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User Stats

14
Posts
1
Votes
Eddie Lawal's profile image
Eddie Lawal's profile image
Eddie Lawal
  • Real Estate Investor
  • from Richmond, Texas
  • Member since Sep 9, 2015
Connect
Eddie Lawal
  • Real Estate Investor
  • Richmond, TX
1
Votes |
14
Posts
Buying & Selling Real Estate

Pay Cash or Finance?

Eddie Lawal
  • Real Estate Investor
  • Richmond, TX
Posted

Hello Fellow BPs...I need your advice!

I am looking to buy 2 condos in a "not so good" area mainly for cash flow. Rents are $1000/month. Condos cost 63K and 57K respectively. HOA + taxes is $364/month each and both are currently rented. I can afford to pay cash for both but was wondering if this is a good idea as compared to financing from a lender. Your inputs are much appreciated!

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