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Updated almost 5 years ago on . Most recent reply

Nancy Stein's profile image
Nancy Stein's profile image
Nancy Stein
  • from Salina, Kansas
  • Member since Jul 31, 2017
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Nancy Stein's profile image
Nancy Stein's profile image
Nancy Stein
  • from Salina, Kansas
  • Member since Jul 31, 2017
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Nancy Stein
  • Salina, KS
5
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

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.  

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Colton Fairchild's profile image
Colton Fairchild's profile image
Colton Fairchild
  • Rental Property Investor
  • from Frisco, TX
  • Member since May 16, 2018
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Colton Fairchild's profile image
Colton Fairchild's profile image
Colton Fairchild
  • Rental Property Investor
  • from Frisco, TX
  • Member since May 16, 2018
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Colton Fairchild
  • Rental Property Investor
  • Frisco, TX
66
Votes |
90
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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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