Paying Cash vs Financing Properties
Hello Everyone,
I have been doing a lot of thinking lately about is it better to pay cash for the properties and rehab versus financing most of the purchase and rehab. I get that you can leverage the financing to increase cash flow quicker. However, I am in the process of rehabbing one with cash versus financing the costs. I also paid for the property with cash. If I financed this purchase and rehab I would pay a considerable amount over time. It seems to me that paying cash may be more beneficial in the long run. Yes, it takes a little longer and requires more work/discipline. However, a downturn wouldn’t affect me quite the same either. What are your thoughts?