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Updated about 5 years ago,
Student Housing Unit- Cash vs. Finance?
Hey Everyone- Brand new to Bigger Pockets.... Making my first post about a 3 unit student housing apartment I'm getting ready to close on in New England. Currently have two vacation rentals and an ADU that are operating nicely. After determining my why.... through much learning & research I have decided to niche down to student housing. I feel this a great fit for my long term goals. I'm in a position to pay cash for the building or have some decent finance options for a 15 year fixed or a 30 yr with a 7yr ARM that I would structure to payoff in 15 with a 60% LTV. I'm curious what the groups opinion is on leveraging the property VS cash, knowing I would be looking to make other deals in the next 2 years or less.
I would also be interested in linking with a meetup group in the New England area.
Thank you all for your time!
~Justin