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Updated about 17 years ago on . Most recent reply

Willis Seng's profile image
Willis Seng's profile image
Willis Seng
  • from Dallas, TX
  • Member since Jan 7, 2008
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Willis Seng's profile image
Willis Seng's profile image
Willis Seng
  • from Dallas, TX
  • Member since Jan 7, 2008
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Willis Seng
  • Dallas, TX
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73
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Rehabbing & House Flipping

Buying with all cash

Willis Seng
  • Dallas, TX
Posted

Are there any downside of buying a fixer upper with all cash? Nowadays, houses are taking longer to sell than usual, so buying houses with all cash could avoid any mortgage to pay off every month that the house doesnt sell. If a person does not have enough cash, is it better to put down the largest down payment possible to minimize monthly mortgage?

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