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Updated almost 5 years ago on . Most recent reply

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7
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5
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Nancy Stein
  • Salina, KS
5
Votes |
7
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Dave Ramsey vs Robert Kiyisaki

Nancy Stein
  • Salina, KS
Posted

My husband and I are trying to decide the best method to pay for our properties.  Would you recommend paying off property one at a time and then paying off the next one?  Or using that money to put 20% down and purchase more properties?  Thanks for your advice.  

Most Popular Reply

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90
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66
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Colton Fairchild
  • Rental Property Investor
  • Frisco, TX
66
Votes |
90
Posts
Colton Fairchild
  • Rental Property Investor
  • Frisco, TX
Replied

@Nancy Stein this depends entirely on your goals and tolerance for risk. There are many advantages and disadvantages with paying cash OR using leverage. Leverage has the ability to help you scale up quickly and enhance you ROI.... but purchasing in cash is simple, quick, and can provide some people with peace of mind.

What are you trying to accomplish through real estate?

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