Don't Mortgage, Leverage. This creates larger cash flows.
Updated: a day ago
You work hard for your money. You have a 9-to-5 and everyday you wake up, you go to work, and you make it happen. Money doesn't come easy. So don't just sink it into a mortgage!
If you want to own one unit after 30 years of making payments, then definitely get a mortgage. It's comfortable, safe, and relatively worry free.
IF YOU WANT TO MAKE MONEY, you have to LEVERAGE.
Take your hard earned cash, borrow money from family and friends if you must, collect investor capital, go back to the bank, or a lending institution, and leverage your pool of money to get a much bigger, much more profitable property. You will cash flow if you have multiple units and the appreciation of the property means you can exit the investment in the near term future. No need for 30 years of mortgaging your life, waiting for one investment to come to fruition. That's too slow, get on the Upward Spiral, create your success, don't wait for it to happen to you!