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Updated over 2 years ago,

Account Closed
  • Rental Property Investor
  • West Palm Beach, FL
8
Votes |
19
Posts

Buy single-family home in cash or finance a multi-family property

Account Closed
  • Rental Property Investor
  • West Palm Beach, FL
Posted

Hello everybody! Can anyone help me decide what would be a better option financially in the current market / with current interest rates. I have around 500k cash and would like to buy an investment property in South Florida area. I could buy a 3/2 SFH for cash or a multi-family (2lex, 4lex) for up to 1 Mio. and get it financed. The rate of return would be similar in both cases, but not quite sure if it is worth getting a multi-family and pay so much in interest (ca. 8%). Thank you so much in advance!

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