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Updated over 5 years ago,
buy a $30k cash unit or finance a $60k
Hey everyone! curious as to what do you guys think!! I have $30k CASH - now should I buy a single family home in the Detroit/Cleveland are or use as a down payment on a multi unit in a slightly better place/neighborhood?.. obviously the pros of buying is cash is that I wont have any Mortgage payments but its a potential for bigger repairs down the line/ low grade tenants / etcc,... what is a better outcome ESPECIALLY since this would be my first investment property.
Thanks!