I hoep this is helpful. Best wishes.
Always There for You,
Sin-Yi Chao Lambertson
ERA Yes! Real Estate
Yes Mortgage & Escrow
626 963-0097 x218
You always want your money working for you and since each persons situation is different and weather they are conservative or want to do other things with their money would all have an impact on the answer. What you financial situation is and your wealth portfolio consists of also always makes a difference.
Investment properties, to maximize returns, must give you the highest IRR (Internal Rate of Return) and Capital Accumulation of Wealth. This you will only achieve by leveraging your purchase to the maximum possible. In simple terms, you need the highest loan to value, or get a loan with the lowest down payment.
If you like, give me numbers for purchase price, down payment, type of loan you intend to get and I will run them to give you specific IRR and Cap. Acc. of Wealth numbers. Use this to compare different properties and options that you are considering. These numbers will also be compared to when you make a cash purchase. The importance of leveraging would then be evident.
Bob Khalsa, CCIM, MBA
United America Realty
Thanks, Aaron Miller
I am in a vacation home area of Western NC (Murphy NC) where we have mountains and fishing, boating and lots of nature. From here if we want a weekend away we can run down to Florida for a little fishing. Most of my clients pay cash unless they are investors also. Then they put 20% down and finance. One place to call home base and another to buy like a repo to clean up and resell for profit.
I hope that helps. Feel free to call me if you have any questions.
My cell# is 828-837-0991.