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.
Buying & Selling Real Estate
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 7 years ago,

User Stats

10
Posts
2
Votes
Tony Ku
  • Van Nuys, CA
2
Votes |
10
Posts

Buying second home and investment property out of state vs loan

Tony Ku
  • Van Nuys, CA
Posted

Hello, I am planing to buy 2 properties in LV. I am in Los Angeles now. I don't have a primary residence right now and is renting but unfortunately looks like I can't finance house as primary residency if I don't live in LV. (if someone knows some loophole I don't please PM. If I had my own business I think I could but since I don't I was told I can't do it). Anyway, I have cash to buy both properties but read many times people say to finance if I could. Since Interest I would be getting is from 4.2-4.8 for second home and income property, is it still worth it to finance vs pay cash? Also if I anyone know a way around getting low interest rate with primary residence when it's out of state that would help too. Thank you! 

Loading replies...