Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

18
Posts
9
Votes
Jason Holtzinger
  • Santa Rosa, CA
9
Votes |
18
Posts

Buy with cash or get a loan?

Jason Holtzinger
  • Santa Rosa, CA
Posted

My question is:

If I have enough capital in the bank to purchase my first few properties in cash would there be an advantage to obtaining loans for them anyway? If I did just put 20 percent down on each and obtained a loan for each it would obviously leave me additional monies to purchase more by putting 20 percent down. 

However, would it not be smarter to just buy the first 2 or 3 cash as I find the deals and when I want to purchase more or as I find additional deals to just finance against the previously purchased properties as needed? my thinking is that if it takes me months or a year or more to find additional deals I would needlessly be paying the bank interest?

I wanted to throw this out there for opinions incase I'm blindly overlooking something.

Thanks,

Loading replies...