Purchasing with Cash vs Financing

[Michael Frabotta]

Hi there!

I'm looking to purchase my first rental single family home but would like some advice. Is it smart to finance the purchase and then hope when it comes to refinancing down the road rates will be lower? My struggle is obtaining enough capital to purchase with cash. I would have cash for a down payment and renovations just not to purchase as well. I'm interested to hear anyone's thoughts. Btw I'm looking to purchase in the Cleveland area for what it's worth. Thank you.

[Ryan Fox]

@Michael Frabotta- It's better to purchase with today's numbers.  The deal should make sense with today's interest rates, because no one knows when rates will fall, and if the do fall, how much they will fall.