Dave Ramsey recommends buying everything with cash!

[Kai Sato-Franks]

Hello,

What have you done what do you prefer? What are the pros and cons of both?

Have you guys bought real estate (multifamily or single family) in cash and rented them until you saved up for your next investment to pay in full?

Versus

Getting a mortgage and paying the interest but being able to buy more real estate instead of waiting and saving for a longer period of time.

I know this is probably a tough question right now due to the virus but I’m just curious about people’s insight on buying in full versus getting a mortgage.

[Brian Geiger]

Dave Ramsey's audience is more so towards people who made bad mistakes with money. However as Investors (at least with me), I tend to follow Robert Kiyosaki's (The Opposite of Ramsey) philosphy.