Your houses would be worth 100,000 so you are not losing any money if the market goes payday loans san antonio tx and you bought below market value. If you bought one house with cash below market value you would be in the same boat. If you are able to get even better deals and bought the houses for 90,000 that were worth 125,000 then you would actually still be in good shape if the market goes down 20 percent.
You would have three houses worth 100,000 that you bought for 90,000. You would have 30,000 in equity from buying below market value. If you only bought one house for 90,000 with cash and the market went down 20 percent, you would only have 10,000 in equity from buying below market value. This number can be manipulated to show how cash or a loan is better depending on how much the payday loans san antonio tx decrease, how much of a discount you bought the houses for in addition to other factors.
But this shows that cash is not always going to be the safest bet. Conclusion. If you are wondering if it is smart to pay cash for a rental, consider the returns you may be giving up.
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Why car title loans are a bad idea 2009. Accessed January 27, 2016. https:www. cnn. com2008LIVINGwayoflife1008aa. car. title. loansindex.
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