What's my best option?

[Michelle L Ocana]

Hi everyone

I am new to this forum and looking at purchasing my first rental property. It's a duplex. The units have upgraded electrical and heat, updated kitchens and bath but will need some extra work to really make them shine. I have great credit but I am in a position to buy it outright with cash. Should I? Would it make sense to purchase (and try to get a deal) with cash then borrow for upgrades or should I finance everything and keep my cash?