Updated over 9 years ago on . Most recent reply
Better to buy w/ Cash and Refinance or buy w/ Bank Financing
Hi,
I have a general question about the best way to buy rental properties... Is it better to purchase a rental property w/ all cash and then down the road take a loan out for the next purchase (or) is it better to purchase the property w/ bank financing (20% down)? Obviously, looking to buy several properties over time.
Trying to understand a couple things here:
1.) How easy is it to take a loan on a rental property (in your past experience)?
2.) Would buying all cash be the easiest way to complete a rental purchase vs. waiting for lender to fund the loan?
My strategy here is to Buy and Hold for the long term. - Thanks!