All Forum Posts by: Kai Sato-Franks

All great advice, thank you!

@Theresa Harris great advice! Thank you!

@Anthony Gayden I agree! I looked at other posts and people argue well it depends on what your goal is and age is in real estate and some people like that feeling of having no debt but it’s all about risk!

@Brian Geiger I don’t disagree with Ramsey on buying in cash but it just seems unrealistic for a lot of people (like me). I agree with Robert as well! It makes sense if the numbers are right but the idea of relying on tenets paying my mortgage until they don’t and a pandemic happens worries me but I guess that’s the risk you take!

@Theresa Harris very true and somewhat unrealistic unless you find a partner that has money. I just wanted to see if people have done it this way how did they do it? Of course they could have a great source of income and just do it but if they aren’t, how did they acquire money? What steps did they take?

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.

@Allen S. That's a good way to look at it. Thank you, I did forget to mention that the HOA fees covers all the utilities but electric which is nice too. Thanks again.

@Ronald Laurion will do, thanks for the advice!

@Keenan Fitzpatrick I see. That’s good advice! Thank you! I’ll look into a 4-plex. There’s actually a duplex here that looks kind of nice but I haven’t ran the numbers. It would be nice to house hack.

@Allen S. Thank you for the advice! It’s too bad we learned the hard way haha. I honestly would rather invest in anchorage!