Asked by coffeeshop, San Mateo County, CA • Tue May 29, 2012
I am a first time buyer, have been wondering about a few things and
would really appreciate your feedback on this matter.
My parents have generously gifted me with a sum of money to buy a
house for me and my wife and future family. The sum is enough to buy
a property in SF all cash. We are looking at single family homes in the
But I am not sure if as an investment it's a good idea to pay for it all
cash, if I can afford to, or if it's smarter to invest part of that sum and
take a loan. With my credit I can take a loan at around 4.1% interest.
I should mention that we are not permanently attached to San Francisco
and could move in a few years, when we would either have to rent out
or sell the property to buy at a new location.
I really appreciate your feedback!
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