Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Is it better to pay cash, or get a mortgage?
Hey all,
I am looking at getting a few of my first rental properties. They will be single family homes most likely.
I was wondering what everyone's thoughts were on mortgages vs paying cash. The average price I am looking at is around 30K for one house.
I can either pay cash for one, or mortgage and buy a few properties.
My thought on getting a mortgage is that I can either 1) buy more properties, and/or 2) make more money in the market even with the Interest rate on the house.
Any advice would be helpful. Thanks.