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Updated about 9 years ago,

User Stats

16
Posts
7
Votes
Cheri Banet
  • Residential Real Estate Broker
  • English, IN
7
Votes |
16
Posts

Cash out loan verses traditional mortgage

Cheri Banet
  • Residential Real Estate Broker
  • English, IN
Posted

I'm going to buy 2 condos in 2 different cities where my kids go to college.  I can pay cash for the first, but it will eat up all of my capital.  So should I pay cash for it and o the $5000 in repairs so I can close quickly and get bottom dollar and then take a cash out mortgage to buy the second one since it will then appraise for more OR should I just finance each condo separately? 

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