jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am looking for some help/input from the real estate investors and landlords. I am considering purchasing rental property primarily as a means to diversify my retirement income sources. It seem that some of the really attractive opportunities might be more accessible with a cash offer. By accessible, I mean ability to offer a quick closing with less risk of problems. In the long run I would much rather carry a mortgage than pay cash.
What are the pros and cons of obtaining a mortgage for a rental property after paying cash for the property? Would a mortgage company even consider making a loan immediately after making the purchase?
Thanks
What are the pros and cons of obtaining a mortgage for a rental property after paying cash for the property? Would a mortgage company even consider making a loan immediately after making the purchase?
Thanks