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All Forum Posts by: Caleb Stone

Caleb Stone has started 2 posts and replied 2 times.

So just wanted to get your thoughts, would you buy a property for $450k, pay cash or finance it? It’s a brand new property with yearly property taxes less than $1000.  The rent you can get is $43k per year, paid upfront. If you had the cash, is it worth it for this kind of cash flow? Refinancing is not an option and the property might not be as easy to sell in the future. Worth it?

Hello BP community. Long time listener here, first time poster. Just wanted to get your thoughts on whether this is a good use of my free cash I have saved up.

I currently live overseas. I want to start investing in real estate in America when I move back in two years. For now, the money I have set aside for that purpose is sitting earning ~2.5% - pretty much not a good use of free money.

My job pays for my rent, which is $43,000/year, use it or lose it. The only way for me to pocket this money is if I buy a place. There is a property I can purchase for $450,000. After two years if I choose to keep the property I could rent it out for the same price, but I would have to pay their utilities of about $1000/month, netting about $30k per year. I have the cash to fully purchase the property. Financing is a better option to grow, however, since I will only want to be here for two years I think buying the property in cash would have the highest profit. Because of the laws and different currencies I don’t think Refinancing my money out will work. The area I am looking at is not expected to appreciate. Would you guys risk locking up your money like this?