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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » Rental Property paying Cash under 35k

Rental Property paying Cash under 35k Subscribe to Rental Property paying Cash under 35k

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Tag Tags: rental cash cashflow landlord


Joey Fontenot III

Real Estate Investor · Mobile, Alabama


Forum_avatar_avatar-lsutiges03

Mar 14 '11, 04:02 PM

I am in the process of acquiring a rental property that the seller is only accepting cash for it is under 35k. My question is would it be worth it to buy a rental property with cash if it's a good deal or is financing through a morgatge always a better route to go? Thanks


Lee Common

Real Estate Consultant · San Antonio, Texas


Forum_avatar_avatar-monedog

Mar 14 '11, 04:18 PM

Joey,

My question is would it be worth it to buy a rental property with cash if it's a good deal or is financing through a morgatge always a better route to go?

That is a complicated question and would depend on your cash on hand, risk tolerance and longterm goals.

The first question I would have is why is the seller only accepting cash?

Will the house qualify for conventional financing?
(Is it in move in condition?)

Is it currently leased?
What are the terms?
What is the fair market rent?

Best, Lee


Steve L.

SFR Investor · Rancho Cucamonga, California


Forum_avatar_avatar-cucaloco

Mar 14 '11, 05:23 PM

If you get a good discount for paying cash, I'd definitely consider it. You can always refinance with conventional lender, private party lender or even hard money the day after you close if you want leverage.




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