The main reason would be to keep liquid control of their funds. In many cases the less you put down one a real estate investment, the better. You can use Other Peoples Money to accomplish the same purpose you would with your own. Many (especially investors) with cash available are using some of the good and reputable 'hard money' lenders to accomplish their goals rather than their own money.
Your Castle Realestate
are reasons to finance the purchase. They can be listed as follows:
1. We continue to enjoy the option of deducting mortgage interest at tax time.
2. With interest rates so low, why not take advantage and invest your excess capital elsewhere.
3. We are currently enjoying rising prices on our homes. Take advantage of 'leverage' wherein
you invest a small amount of your dollar assets in downpayment; provided you can qualify
and afford the monthly payments.
4. With low mortgage rates, take advantage of 8, 10 or 15 year financing versus 30 year.
5. Build a diversified portfolio to include precious metals; oil & gas; stocks & bond investments.
6. Use your cash to acquire Commercial or Residential rental properties.
Broker, CRS, ABR, NCE, SEC
stimson KENNEDY Realtors
Cell: 303 478.9494
Bill Pearson GRI, SRES |"Your Denver Realtor For Life"
ERA Herman Group Real Estate| 201 Columbine Street| Suite 301| Denver CO 80206
5280 Magazine FIVE STAR Real Estate Professional â€“ 2010, 2011, 2012
"I'm never too busy for your Referralsâ€