Updated over 5 years ago on . Most recent reply
Buy my 1st property now, or wait until I have more money saved?
I've been interested in getting into real estate investing for a couple of years now and have studied and read a bunch of books (many from BiggerPockets), and I think the BRRRR is the best strategy for me. Is it worth waiting a few years to save up the money to buy a house out right with a cash offer? Or am I better off getting in the game sooner with traditional financing?
Most Popular Reply
I think traditional financing is always the way to go, until you can't anymore.
I do not think you should buy a house in cash, even if you have the means to do so.
The power of leverage is substantial, you'll be a lot further ahead by using leverage, then by doing everything in cash.
We have 64 units and most are leveraged, those that aren't....will be soon.