All Forum Posts by: Phil Fry

@Joseph Firmin, the goal is without a doubt expansion. The end goal is quitting my job in a few years. Sounds like I have the right idea of leveraging this cash for multiple loans.

I am looking to purchase a condo in the $100,000 - $150,000 range.

I have $100,000 available in cash, and it's tempting to just use that all for a down payment in order to greatly reduce my mortgage payments. However, I am also wondering if it's better to use the bare minimum for a down payment (20-30k) and instead hold on to the rest for buying 1 or 2 additional small condos.

Thanks!