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Updated over 6 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Nicholas Eakin
  • Property Manager
  • Erie, PA
3
Votes |
9
Posts

Buying rentals with cash or mortgage?

Nicholas Eakin
  • Property Manager
  • Erie, PA
Posted

I have 8 single family homes that I have purchased cash after I spend whatever amount of time saving with a good deal of success, but feel I am not moving at the pace I would like to achieve my goals. For people in similar situations did/would you continue to save and buy properties cash so you have no mortgages or start taking out loans?

Also, on top of this I manage 30 units for other investors.

Thanks

Most Popular Reply

User Stats

2,456
Posts
944
Votes
Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • Atlanta, GA
944
Votes |
2,456
Posts
Bill Hampton
  • Accredited Investment Fiduciary (AIF®), Financial Planner, Tax Strategist, Real Estate Investor
  • Atlanta, GA
Replied

Take out mortgages. Use leverage. Interest rates are low. You can get more properties using mortgages vs. paying cash. 

  • Bill Hampton
  • 404-482-3170
business profile image
Hampton Tax and Financial Services, LLC.
4.8 stars
96 Reviews

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