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Updated almost 5 years ago on . Most recent reply

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6
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Angel Baez
  • Rental Property Investor
  • Niles, OH
1
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6
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So I am getting ready to purchase first rental, cash or mortgage

Angel Baez
  • Rental Property Investor
  • Niles, OH
Posted

I’ve been completely out of debt, and I’m not sure if cash or mortgage is the right call,

Most Popular Reply

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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
Replied
Originally posted by @Angel Baez:

I’ve been completely out of debt, and I’m not sure if cash or mortgage is the right call,

 When it comes to personal life, stay out of debt, when it comes to investments, use leverage. It is an investment in your business. You aren't buying boats or computers or patents or anything else. You are buying an asset that has value and will maintain and go up on value. I am the same way. Out of debt on personal but leverage in real estate. Hope that helps!

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