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Updated over 5 years ago on . Most recent reply

User Stats

27
Posts
6
Votes
Juan Avalos
6
Votes |
27
Posts

buy a $30k cash unit or finance a $60k

Juan Avalos
Posted

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!

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