General Landlording & Rental Properties

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Geren Williams
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The Pros and Cons of all Cash Purchases

Geren Williams
Posted Aug 12 2019, 18:53

Background - in 2006-2007 I owned a primary residence and 6 rentals. I did not study a lick and made every conceivable mistake that a newbie investor/landlord could make. I was over-leveraged, did no deep deal analyses thus did not know my numbers, not enough reserves, bad tenants, wanted to manage everything myself on the cheap with a full-time job and new family. The crash wiped me out. But I loved real estate. These past several years I’ve saved and invested well. Part of that I put aside as a war chest to get back into investing. My goal was to buy properties all cash and take the risk of being over-leverage off the table.

BP has been a wealth of information and I know that there are other trains of though. But I’m once bitten and now twice shy. Any strong opinions against all cash purchases?

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