Use cash or finance???

[Jeffrey Myers]

Hey everyone!

I'm sure this isn't the first time this has been asked, but here it goes...

Is it better, or smarter to pay cash for a property, say $45,000.00, or just take out a mortgage and use someone else's money?  I have been running the numbers and the cocroi varies greatly from one to the other.  Any input?  Again, sorry that this has probably been answered a thousand times before, I'm new into this and would really appreciate the help.  Would it matter if I were using this as a fix and flip, short term rental, or long term rental?  Do the same rules apply to each?