New Member in San Antonio
Hi Everyone, Mike K. here. I am a new member with no experience in real estate. Interested in learning more about real estate investing.
I would appreciate feedback on the following topic.
I may be selling a property which would generate about $900,000.00. Most of which will be subject to capital gains. Thinking of possibly doing a 1031 exchange and purchasing rental properties. Because I am new to real estate, my thoughts are to pay for properties in full in order to lower risk.
My question, is it best to purchase a few properties and pay them in full or to purchase more properties by making a 30-50% down payment?
Obviously, the amount of "risk" I am willing to take is the key here. Would appreciate your thoughts.
Have a great day,
Mike K.