Mortgage Versus Cash
I am thinking of buying an investment property cash versus going through a financing. The reason I am doing that is that I need the revenue right away and that taking 50 % or more financing would eat my yearly revenue. I also am not sure I am qualified for a commercial mortgage because my current business has been loosing money for 2 or 3 years.
What are the disadvantages of paying cash here???
I am hoping that this property bringing more 100’000 net revenue will also help me get future mortgages on future investments. Does that make sense? Of course taking a mortgage would allow me to buy three properties in one shot instead of one with the price I am willing to pay cash but I am not sure I am ready this year anyway to get three mortgages for three new investments.
Just need advice here.
