Increase down payment or pull the trigger?

[David Choe]

Hi all, not sure if there's a clear answer to this, but just curious to get your thoughts.

I have a steady cash flow at the moment where I can save a few thousand/month. How do you guys decide whether to purchase a property now, or wait a few months until you have more cash to put down on a more expensive place. 

I'll give a hypothetical example for clarity's sake:

• Buy a $250,000 property now with $50,000 down, and then another $250,000 property 6 months from now with $50,000 I save up during that time.
• Save up for 6 more months, and just buy a $500,000 property with $100,000 down.

Of course, the availability of a solid deal may dictate a lot of the decision making process, but let's assuming that the qualities of the deal at both price points are equal, what kind of points do you all consider?