How to best finance my first multifamily home Boston
Hi I am new to BP and REI and have questions about financing my first 3 Family home. Is it ever a good idea to Cash Buy a home I plan to fix up, rent out, and hold? Or does it make more sense to go with conventional financing? I'm concerned about rents coming in & being taxed with out any mortgage payment going out to balance it. If I find a distressed property can I buy cash and refinance 6 months down the line to get 75% LTV? Is it always better to start out with conventional financing to keep my other cash available for the next deal? I'm waiting to speak with a CPA about my investment goals but would also appreciate any advice from the BP community.