Whether to buy wholesale or put money down
Hi,
My name is Jeffrey, and I’m a veterinarian living in North Dallas area. Me and my wife worked and saved for the last 15 years to accumulate a little over $650K.
We are currently in a situation where I will be purchasing the practice ($1.6M) within several months that I’m working at (owner finance), and we (my wife) decided to build a $600K home.
My question is:
Do we buy the house fully with cash or do we spread the money and invest?
Since we’re pretty new at this, we’re thinking of putting $300K to the house then purchase a townhouse or an apartment with cash. That way, we may be able to purchase it at a cheaper price and get better cash flow.
What do you guys think? We have never invested in any property; so advice will help.