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Updated over 4 years ago on . Most recent reply
Should You Take Out a Loan?
My soon to be business partner and I are soon to graduate college. I will be graduating with a Masters in Architectural Engineering (focusing on structural engineering) and my partner as a lawyer. Neither of us have any loans to pay off and plan on making a decent combined income. We are unsure if we should simply save our money and invest with cash or take out a loan for our payments (Mortage, Repair Costs, etc.) Maybe a combination of both? Let me know what you think!
Jack Perfett
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#3 General Landlording & Rental Properties Contributor
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#3 General Landlording & Rental Properties Contributor
@Jack Perfett Unless the houses are really cheap and you can't get a mortgage, you are usually better off taking out mortgages. There was a good example in another thread that showed the break down. Especially if you are getting started and want to build a portfolio, spread your money around. Joe's post in that other thread shows this nicely.