Is It Cash Is King or Let the Bank's Money Work For Me?

[Mya Austin]

I have been in real estate for years. I started part-time, more clerical. Later worked the office gig into full-time and then was licensed. & Over the years have worked a salary niche of commercial and retail property management.  & Property management IS mainly what I do.  

I have decided that I will acquire residential properties in the small towns and rural areas around where I live, as I live in a rural area but have easy and quick access to several different places of opportunity.

My original intent was to go cash only.  Though I would be acquiring property at a much slower rate, I saw the huge advantage to not having to factor in a loan payback, thereby freeing up money for repairs, taxes, insurance and hopefully some cash to re-invest and/or pay ourselves. (hubby & I)

Now he sees if differently.  He said "Why not allow the bank's money to work for you-?"

Why not get the best deals on the properties, let the bank initially pay for it and keep the initial seed dollars for the repairs, taxes, insurance, etc.  

?

I do agree buying power would be greater through an institution.  I still wonder, however, if cash in hand is the best way to go to acquire the properties initially, even if it is slow and one property at a time.  ?

Any thoughts.  

& Oh, forgive me. I see folks have written on this subject. So, definitely will go read what they wrote!  :)