Used savings to buy a rental property, got a mortgage on it a few months later

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Jan 21, 2021
3:25:10pm

therock All-American

Used savings to buy a rental property, got a mortgage on it a few months later

The property was in a very desirable vacation area and our realtor thought that a cash offer would help seal the deal, which it did.

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therock

Bio page: therock
Joined: Aug 31, 2005
Last login: May 8, 2024
Total posts: 13,340 (25 FO)

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Messages

Author

Time

POLL: Have any of you ever bought a home or residential property over 200K and paid for it 100% up front? (So no mortgage)

BlueBlood94 Truly Addicted User

1/21/21 8:26am

I had a problem when I switched jobs

Coog4Life

1/21/21 8:29am

that's odd bc many, maybe most, moves are based on getting a new job

byujag

1/21/21 8:46am

yes. Used funds from the sale of another investment property.

grandpacoug

1/21/21 9:26am

This is probably the most realistic option I see for this to happen, unless you're a super successful lawyer or doctor.

BlueBlood94

1/21/21 9:45am

Used savings to buy a rental property, got a mortgage on it a few months later

therock

1/21/21 3:25pm

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