New to the fun - Tampa, FL investment newbie funding question
Hi everyone,
I am a new investor looking to find my first rental property (a duplex or triplex) in the Bay Area and I am beyond happy to finally be at this point in life where I can do this.
While I do have the money to buy a property within my budget in cash, is it wise to tie up all the funds in that manner? I heard something about financing AFTER the cash purchase is made and this getting me the property I want and getting the money back to work on more deals. Is this what is usually done?
Any guidance is appreciated.
Susana