What Should I Do Now?
I am in the process of buying an investment property and I will be recieving cash out. Would it be a good move to buy another property free and clear with the cash or should I take out a loan for another property? I would like to own some properties that are income producers and I would also like to flip some just to make cash. I planned to use the cash out to invest and make more money. What would be the next best move being that I am getting a loan and cash out?
Its me again, remember that loans make debt. You may want to consider flipping or wholesaleing. Until you get enough cash to by a rental, then you will be able to collect your full rental payments and save those interest payments to a loan co. or bank. You can't go wrong in renting if you buy right and pay cash.