Saving up cash VS. financing your 1st Buy + hold
Trying to wrap my mind around the pros and cons of saving up cash to buy my 1st buy + hold VS. financing it just so I can get started? Thoughts? Which one is better?
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Theresa Harris
#3 Managing Your Property Contributor
Pro Member
#3 Managing Your Property Contributor
I'd finance. Where I am properties start in the low $200K for single family homes, so it would take a long time to save for a cash purchase. Plus letting the tenants 'pay' your mortgage means you don't have to.