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Updated over 11 years ago on . Most recent reply

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Jade Williams
  • Real Estate Investor
  • Nashville, TN
0
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16
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Finance or pay cash

Jade Williams
  • Real Estate Investor
  • Nashville, TN
Posted

So I know Cash is always king but how do most of you Landlords buy, Cash or Credit?

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604
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Chris Adams
  • Contractor
  • Valparaiso , IN
327
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604
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Chris Adams
  • Contractor
  • Valparaiso , IN
Replied

I set my LLC up with a $100k LOC, and I use that to purchase my properties cash. Once I have converted them into rentals and placed tenants I convert to a mortgage and payoff my LOC, rinse and repeat.

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