Cash versus mortgage for multi family investment
Started by Babar
almost 16 years ago
Posts: 22
Member since: Oct 2009
Discussion about
Mortgage versus cash I am thinking of buying an investment property with cash versus going with a financing. The reason I am doing that is that I need the revenue right away and that taking 50 % or more financing would eat the yearly revenue I would get from that investment. I also not sure I am qualified for a commercial mortgage because my current business has been loosing money for 2 or 3... [more]
Mortgage versus cash I am thinking of buying an investment property with cash versus going with a financing. The reason I am doing that is that I need the revenue right away and that taking 50 % or more financing would eat the yearly revenue I would get from that investment. I also not sure I am qualified for a commercial mortgage because my current business has been loosing money for 2 or 3 years. What are the disadvantages of paying cash only here? I am hoping that this property bringing me an income of 100'000 net will also help me get future mortgages for future investments. Does that make sense? Of course taking a mortgage would allow me to buy three properties in one shot instead of one with the price I am willing to pay cash but I am not sure I am ready this time - since it is my first investment property anyway - to get three mortgages for three new investments. Just need advises here. [less]