cross_7
Well-known member
Lets say I only have enough cash to purchase a piece of property that is smaller than I would like.
Option 1
Buy a smaller property and own it free and clear, then borrow money for another property that may be a few miles away.(Not using the property I own as collateral)
Option 2
Borrow the money to purchase the size property that I want and have it all in one parcel, giving me a mortgage and not own any of it free and clear.
Option 1
Buy a smaller property and own it free and clear, then borrow money for another property that may be a few miles away.(Not using the property I own as collateral)
Option 2
Borrow the money to purchase the size property that I want and have it all in one parcel, giving me a mortgage and not own any of it free and clear.