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RE: Is it Better to use Cash or Loans When Investing in Real Estate?
Everywhere you turn, you hear how bad it is to carry around debt. So naturally, it’s logical to think that buying a home with cash – or sinking as much cash as possible into your home to avoid the massive debt associated with a mortgage – is the smartest choice for your financial health.
It can actually be riskier to have a house paid off and no cash available than to have a loan and cash available. It is not easy to get the cash out of a house if you need it!