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Updated over 9 years ago on . Most recent reply

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Ejy Mirjan
  • Investor
  • Los Angeles, CA
6
Votes |
25
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Buy with Cash or Get a Loan?

Ejy Mirjan
  • Investor
  • Los Angeles, CA
Posted

I am on my way to invest in my first "buy and hold" property and I am sitting on some; $150,000+. 

I don't know whether I should buy 1 property with cash or get a loan and buy several properties. 

Any suggestions would be appreciated!

Thank you!

Ayad

Most Popular Reply

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1,737
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1,508
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
1,508
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1,737
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Jeff Rabinowitz
  • Investor/Landlord
  • Farmington Hills, MI
Replied

This is not a question that can be answered without examining your financial situation and what you wish to achieve. If you can figure out what you would like your portfolio to look like in 5 to 10 years and what, if any, current income you would like from your $150K you will be well on your way to finding your best answer.

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