Full cash or mortgage

[Ricardo Lemus]

Hello guys, 

I would love to have some advice from this great community. Here is the dilemma. My wife and I think we found a good property for our rental property journey. This will be our very first rental property. We are in baby step in this topic. Zero experience, but we think we should start now. 

We are in the position to buy all cash but not sure if should go that route or so something like 50% cash and 50% loan. Also we need to keep investigating about how can the interest and expenses can be deducted from filing. 

if you can share some of your experiences would be great. 

Thanks a lot

[Alecia Loveless]

@Ricardo Lemus I purchased 2 of the 8 deals I've done with cash. I found out later I needed more cash and had to refinance both. If I had thought more comprehensively about the first which was a SFH I would have just financed it from the get go.

The second is an 8 unit and cash flow and management were too poor starting out to finance it. I turned it around in about 8 months and was able to cash out refinance at as good a rate as is currently possible.