Do you need cash to buy investment properties in Arizona?
Posted by Merrill Jencks on Friday, January 7, 2022 at 5:13 AM
By Merrill Jencks / January 7, 2022
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Do you need cash to buy investment properties in Arizona?
Do you need cash to invest in real estate? Well, the answer to that most of the time is, YES!.
You do need some cash to invest in real estate but you do not need the entire purchase price. There are a lot of people out there who think well I don't want to invest in real estate until I can buy the house cash and I know that there are some big gurus some that I respect extremely well who say you shouldn't buy real estate unless you can afford to buy it in cash and I just really strongly disagree with that right now especially if you can borrow the money at three percent interest rate and inflation is even greater than that.
So, yes you're going to need a little bit of a down payment you're going to need a little bit for closing costs but you do not need to pay for the whole thing cash in fact I think that's the worst way to get a good return on your money you'll be able to get a significantly better return on your money by getting a safe mortgage on it putting a lot of money down nice solid fixed-rate payment on there and rents are always going to hold steady so I definitely recommend getting a mortgage but you are going to need some cash not all cash.
What does this mean to you? If you're even a little bit interested in learning more about participating in the Phoenix housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone who is obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!
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