Paying cash for a property versus taking out a loan...

[Account Closed]

To all the experts, novices and beginners!

Looking for some thoughts and advice….

I am reading over and over again not to use 100% cash to purchase a property..but to only use your cash for the down payment and let the tenants pay the mortgage. But why not? I have done the math on the cost of the overall loan and the ROI versus cost to pay cash in full at time of purchase. Is there something I am missing? If I can save enough money to pay cash, why not? PLEASE educate me, I do not want to make a rookie move, but I am having a hard time wrapping my head why borrowing money (and paying all that interest) is better investment than cash sale.

[Adrie Moses-bailey]

Originally posted by @Account Closed:

@Adrie Moses-bailey OK!!!!! That makes sense.....LEVERAGE...Thank you! 

 NP leverage is a tough thing to wrap ones mind around but its how most businesses function. Just be careful as it amplifies your gains AND your losses