Convince Me Why Buying All Cash Is Beneficial
Hey Guys,
The name of the game has always been leverage for me. Building wealth can absolutely be accomplished by using credit, OPM, etc.
Every now and then, I come across that investor who buys his properties all cash and I can’t help but ask, WHY!?
I’m an investor-friendly agent in NYC so some clients tell me they prefer not to have the interest as an extra expense, some clients prefer the instant equity, some clients prefer the easy liquidation, etc.
Why do YOU prefer buying all cash? Im looking more for subjective reasoning why you prefer all cash because I’m sure people in different circumstances have different reasonings.
I’ll always be a leverage guy but I would love to hear why cash is king to your investing careers. Thanks in advance for any responses!