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Updated over 5 years ago on . Most recent reply

25% down on MLS Property
Correct me if I'm wrong here. Most people say if a property is on the MLS it's either over priced or priced at retail value. My question is, what if I decide to buy a property at retail value putting 25% down. If the down payment make my numbers work and I don't mind leaving my cash in the deal for long term gain, would that be something for feel guilty about or should I take a different approach? I know we are in a business where you should leverage as much as possible but I'm seeing everywhere people are stating the numbers aren't working unless you get a steal on an off market property? Let me know your thoughts. I want to make sure I understand what approach I should take.
Warmest regards,
Robins
Most Popular Reply

Honestly if you can afford it putting more money down is not a bad thing. People on this forum are obsessed with debt which sounds great until the market turns or you have a large unexpected expense or have over estimated your rental income.