Updated over 5 years ago on . Most recent reply
Use cash in savings or sell stocks to buy next rental property?
I would like some opinions from experienced investors. I am ready to buy my 3rd rental property and curious about what you would do. I can't decide if I want to purchase a property in full with cash from savings or if I should sell my stocks to purchase a property in full. I have made a profit from the stocks I would sell. I am asking what the best move is considering the hectic economic times and the unpredictability of the current housing market. I will be purchasing the property in December 2020. Whatever route I go I will eventually be using the leftover money for more rental properties. Some thoughts:
1. Sell stocks while they are up and purchase property in full. Use cash in savings for a future 4th property paid in full.
2. Use cash in savings to purchase property in full. Keep stocks for a chance of more returns and to purchase the 4th property in full.
Thank you in advance for your thoughts and suggestions.