All Forum Posts by: Nik Nikkila

It's a Masonic symbol.

I don't plan on using any of the money from the rentals, the plan is to stick it straight back into property expenses and acquiring more units. The buy out is in the 250k range, plus I'll have a small monthly income as well. Honestly, leverage scares the heck out of me after seeing how bad the economy hit those who were mortgaged to the hilt. I plan in being as hands on as I can, but I think I will have to hire a property manager to get everything done. I have 25 years until I'm old enough to "retire", but this injury basically means I'm retired now.

I'm getting a buy out from my company and would like to invest it in real estate. The area we are looking at moving to has nice neighborhoods and lower property prices than what we are accustomed to. Would it make more sense to pay cash for the houses and then just use the cash flow each month to buy more when we have enough to do it all cash as well, or is there a benefit to financing everything?