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Buying & Selling Real Estate

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Jeni Lu
  • Holland, MI
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Pay with all cash, or use as down payments?

Jeni Lu
  • Holland, MI
Posted Nov 13 2013, 08:15

I will soon have access to a lump sum of money ($40K) from refinancing a rental home that I own free and clear (I paid all cash, fixed it up, rented it out). Should I use that money to buy another rental home using all cash (and refinance again in the future), or should I use it as down payments on multiple rental properties? My goal is to acquire enough passive income through rental properties to be financially free.

Thank you for considering my question!

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