Updated about 7 years ago on . Most recent reply
What is the real benefit of cash?
Forgive me if this seems naive, but what is the real benefit of having cash when investing in real estate vs. being able to obtain financing? Specifically 500k-1m of cash. Would it be best to use that to buy a foreclosure? Flip a house? Put 25% down on a 2m apartment building? Lend it out? What would YOU do? (I know this depends on certain goals but mine are pretty much the same as anyone else’s, but mostly cash flow and appreciation.)
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Jerryll Noorden
#2 Marketing Your Property Contributor
#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
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Jerryll Noorden#2 Marketing Your Property Contributor
#2 Marketing Your Property Contributor
- Flipper/Rehabber
- Wilton, CT
Cash is cheaper. --> You can make higher offers --> More deals will get accepted --> You get richer faster --> You can hire more people and let them do your work --> You will get lazy--> this will make you a snob --> Life long dream to call hard working people "The Help" fulfilled faster
SO worth it. Pay cash!