What you think ? i'm just curious
Hey. Do you guys think it would be a good idea to dump 100k into 1 property to be free and clear that way you can maximize your CASH FLOW or leverage the 100k and spread it around through multiply properties ? My only thing is that their is really no asset protection when you leverage the 100k and you have mulitply properies under a loan. If 1 of your loans crash do too NO TENANTS ETC or you don't have any reserves to cover the monthly payment yourself. The government is coming for all your assets and then what ? File bankruptcy ? Compared to cashing out and having the property free and clear. You won't have the fear of "what ifs" because if you don't have tenants at a moment etc. You won't have to worry about paying off a loan because the property is already paid for. correct ?