Updated about 14 years ago on . Most recent reply
Down PMT or Cash purchase
Hello everybody,
Long time reader, 1st time poster here. So I live in Las Vegas and am looking at purchasing some investment properties. I am going to be putting about 50K down towards the purchase of my mothers home to help her out and also looking to purchase a condo for myself.
In terms of the condo purchase. I just wanted some advice on whether the consensus here thinks buying the property outright in cash... say 100K is the route to go, or purchasing say 2-3 condos at 35% down and carrying a mortgage is the most advantageous (assuming a lender will allow me to carry that many mortgages)
Thank so much for your help! :D