Hello all, new to BP LOVE this site! Brilliant

Hello all, new to BP LOVE this site! Brilliant

Flipper · West New York, NJ · Member since 2017 · 5 posts · 0 votes

Good evening BPr's I'm Harry I have been flipping homes for five years in the adult communities at the Jersey shore (that's in NJ) and it's been going well since I started although inventory is a little low rite now which brings me to my question.  I would like to venture into the rent market I have some cash put away but I'm also looking to purchase a primary residence.  Can anyone tell me does it make sense for me to go for a mortgage on my primary and keep cash for rentals (and flips) or pay cash for my primary?  Any insight on this would be a great help.  Ty

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  • Investor · Downers Grove, IL · Member since 2015 · 1k+ posts · 955 votes
    9y

    @Harry Schu

    I would get a mortgage on my primary house and use cash to invest. Cash is king. 

  • Flipper · West New York, NJ · Member since 2017 · 5 posts · 0 votes
    9y

    It sure is.. like to have more of it!  Couldn't I just get a line of credit on primary for rental deals if paid cash?   Thanks Chris

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