Bank finance or bankroll by personal income

Rehabbing & House Flipping
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Bank finance or bankroll by personal income

Hamza Ali Amzil
Member since 2019 · 3 posts · 0 votes

Is it better to bankroll your project by taking out a loan or using personal funds or is it dependent on the amount you have liquid.

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  • Charles Carillo
    Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    7y

    @Hamza Ali Amzil

    This depends on many factors. How much cash you are willing to invest, type of property, your goal with the property etc. Purchasing with cash is a good idea if you are able to buy at a better price, renovate and then refinance or sell.

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