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Thanks for the reply, these arent necessarly rehabs that I'm looking at, but need freshened up. They would remain rentals for me. So I would be looking to do a cashout refi soon after I paid cash.

Hi, I'm looking to purchase a SFR as a rental. My last few I've always just put 20% down, but was wondering about paying cash for them. I'm looking at a 200k home. I can pay cash for it, but would then like to refi and pull the money back out. Besides buying power, and being able to close quickly/painlessly, what are other pros/cons about doing this?

TN-Apprentice - you are correct about life isn't about money. But here in Seattle I can't even afford to move out on my own on 40k. Condos are well above 200k. I agree on finding a rewarding career also, and what I'm doing is not rewarding, nor do I look forward to waking up and going to work. I feel like being an investor/entrepreneur I would enjoy though.

Thanks for everyones opinions so far. Keep them coming, very interesting.

Hi everyone. I've browsed this site for awhile, but finally joined/posted, and would like some advice. Here is my senerio. I'm 23 and have been in a rut lately, I have an AA degree, and a computer networking degree, I dont have a bachelors/masters. I have great credit and purchsed a 4plex last year which has done great. There is no place to move up in my current job, and sometimes feel like I wish I had that piece of paper(bachelors/masters) to get a better job. I make about 40k a year. (not counting my rental) Anyways, I have over 200k in a trust that I'm ready to start putting toward good use. (...finally) my question for you guys, would you use that money toward schooling? even though a degree doesn't always mean good money. Or invest that money into more rentals/commercial realestate? My best friend invests fulltime and tells me to stick with realestate. My only problem if it doesn't work out, I don't want to look back in 4-6 years and have wished I would have went to school. If I start investing and no school I would probably start to sell RE so I can do my own deals.

Any advice or opinions appreciated.