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Updated 26 days ago on . Most recent reply
Is Paying Cash a Bad Investment Idea?
Aloha BiggerPockets Community 🤙🏾,
Is paying cash a bad idea if I plan to live in a property and rent out the other rooms?
I'm a soon-to-be grad student at the University of Michigan so I'm currently exploring my housing options. My plan is to buy a house and rent out the extra rooms but I'm not sure if I should take the cash route or the FHA route.
(Feel free to look at my previous post for more background!)
I appreciate all suggestions, advice, and opinions! Mahaloz.
Most Popular Reply
#2 House Hacking Contributor
- Property Manager
- Royal Oak, MI
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#2 House Hacking Contributor
- Property Manager
- Royal Oak, MI
Paying cash is safer as you'll only have property taxes, insurance and maintenance issues to worry about.
You just won't be able to grow your portfoilio as fast and scale cashflow.
Would you rather have 100% of $1,000 monthly or 20% of $10,000 monthly?
- Drew Sygit
- [email protected]
- 248-209-6824
