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Pay cash for first rental property or finance?
Hello all, I've recently began listening to BiggerPockets podcast and reading forum posts. I currently have a large portion of my portfolio in Bitcoin and with the recent rises in price and I wanted to transfer some of the profits into a more stable asset and potentially create some cash flow to replace my 9-5. I have two obvious options, please suggest others if you think of any. The first option would be to liquidate some of my Bitcoin and buy a couple properties with cash and after rehab and rent, apply the BRRR strategy. Second option since this is my first property I could buy a property and live in it and finance the purchase paying minimum down and rehab while living on the property.
What would be a smart option for someone who is just starting out?