Updated over 2 years ago on . Most recent reply

Buying cash vs with Financing
I know there are similar threads but I wanted to ask this question for Toledo specifically. If you are not going to do a true BRRRR, does it makes sense to buy cash simply to get a lower purchase price? What I am thinking is mainly properties in good condition or just light cosmetic rehabs nothing too crazy. Buying cash can give you a lower purchase price, but for a SFH you would have to leave 25% in the deal vs if you buy with conventional lending you would only need 20% down payment. So the question is is it worth the potentially lower purchase price for having to put/leave 5% more in the deal?