I would like to clarify my point. I would suggest that investing in real estate is a lovely proposition. There are phenomenal margins and return to be achieved. I am only suggesting that when investing in ANYTHING, always consider what all of the options are, unless there is just one to consider. I think that you could use the cash now, to buy. You could finance a small portion of the purchase or the maximum amount, or none. That is my point. There are options for you, beyond paying cash for a home or in throwing the money at a mortgage you have, which may be one of few tax deductions you have. There is a ton of good advice, from all of these people. Have fun with it!