Updated almost 11 years ago on . Most recent reply
To buy cash or not buy cash
There is a deal with cash only due to a high rent ratio. The listing is currently at 110K. If I offered 100K, I think I could generate a cash flow of aprox 14k/year. I am also using cash from another deal that I am making 70K off of an initial investment of 32K.
Is it wrong to view this deal as 14k cash flow off of 32k invested? I'd also avoid 15K tax bill.
Is buying cash the wrong move? Another consideration is a property that I own is in CA and I know live in VA.
Propertly MLS number: 1419159