All Forum Posts by: Andrew McCotter
Andrew McCotter has started 7 posts and replied 11 times.
Post: If you have CASH, should you use it to finance your deals?
Andrew McCotterPosted
- Posts 12
- Votes 7
Hi BP Community! First time posting. I'm curious to hear what people think about using your own cash vs going out and getting financing.
A little background on myself - I'm 31 years old living in downtown Chicago. I've been fortunate to start and run a couple successful businesses so far in my life, but I've found myself a bit bored over the last year or so. I've always been interested in real estate investing (And actually own 3 apartment units in the city), but haven't dived completely in yet.
My question - Would you finance your buy/hold deals with your own cash if you had the money in the bank? And if not, what are the best finance options for a newbie?