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Updated over 5 years ago on . Most recent reply
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Buying rentals with cash or mortgage?
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
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Bill Hampton
Tax & Financial Services
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- Tax Strategist, Financial Planner and Real Estate Investor
- Atlanta, GA
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Take out mortgages. Use leverage. Interest rates are low. You can get more properties using mortgages vs. paying cash.
- Bill Hampton
- 404-482-3170
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Hampton Tax and Financial Services, LLC.
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