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Updated almost 4 years ago,
Buy with cash or get a loan?
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,