Leverage or Pay Cash

[Michael Taylor]

Here is the question of the day, do I spend my $70k from my solo 401K and purchase a house at auction or do I leverage that money and purchase say a 4 unit with a mortgage?  If I can buy the house at auction with no mortgage, my profit might be about $1,500 a month from a rental house.  If I finance a 4 unit at about $300k, then my profit might be about $2000 after you deduct the mortgage payment.  So I would lose about $500 a month in possible profit, but I would gain in the security that no matter what I would not be stressed to have to make a mortgage payment  Thought?