Debt free investors
I am looking to get advice from any one that started in the rental business debt free. I am saving up to buy property with cash and no partners or investors.
My questions are:
Was there a benefit to going debt free?
How much money did you start your venture with?
How much should I be prepared to save for costs other than the property itself, such as maintenance and insurance?
Thank you for taking your time to answer.
Most Popular Reply
Hey David,
One of the huge advantages to RE is it's the only investment out there you can get 100% control of the asset by putting up 25% (investment loan down payment) of the asset.
Is there a particular reason you're looking to buy for cash and keep the cash tied up in the property?
You might want to check out threads on BRRR.