Updated over 8 years ago on . Most recent reply

Is it better to pay cash, or get a mortgage?
Hey all,
I am looking at getting a few of my first rental properties. They will be single family homes most likely.
I was wondering what everyone's thoughts were on mortgages vs paying cash. The average price I am looking at is around 30K for one house.
I can either pay cash for one, or mortgage and buy a few properties.
My thought on getting a mortgage is that I can either 1) buy more properties, and/or 2) make more money in the market even with the Interest rate on the house.
Any advice would be helpful. Thanks.