Want to build 5 Duplexes
Close to retiring. Me and son, who has fulltime job, have flipped 3 or 4 houses, built two spec homes and sold them. All done with cash, I get interest plus investment back, he takes profit.
Bought land for 5 duplex's. Like to build 2 duplexes to start off. Should I finance these two or pay cash? Son has all the contacts for contractors and runs the jobs after work and summer when he is off for 3 months.
Most Popular Reply
If you can pay cash, do it. You can always finance them later if you need the money. You won't be paying any interest obviously and your rate of return on your money will be better than the money sitting in the bank.