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Updated over 13 years ago on . Most recent reply

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3
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Candice Yi
  • Las Vegas, NV
0
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3
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Down PMT or Cash purchase

Candice Yi
  • Las Vegas, NV
Posted

Hello everybody,

Long time reader, 1st time poster here. So I live in Las Vegas and am looking at purchasing some investment properties. I am going to be putting about 50K down towards the purchase of my mothers home to help her out and also looking to purchase a condo for myself.

In terms of the condo purchase. I just wanted some advice on whether the consensus here thinks buying the property outright in cash... say 100K is the route to go, or purchasing say 2-3 condos at 35% down and carrying a mortgage is the most advantageous (assuming a lender will allow me to carry that many mortgages)

Thank so much for your help! :D

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