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Updated almost 11 years ago,

User Stats

108
Posts
23
Votes
Shuai Zeng
  • Investor
  • Los Angeles, CA
23
Votes |
108
Posts

Cash or Mortgage?

Shuai Zeng
  • Investor
  • Los Angeles, CA
Posted

Hi All,

I'm getting ready to get my feet wet with REI, but got a question for you all. I know Cash is King, but I cant find a clear answer.

I'm looking to buy around 25k - 50k in Florida, and cant figure out if I want to put cash or mortgage it. Seem to me that Cash is great option, but it would leave me out of any money left in the bank. If I mortgage it, do I have to use the local bank from FL?? I'm in CA, so I don't want to fly out there just to get a mortgage info.

Thanks
-Shuai

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