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So I have some money I'd like to invest. I have no experience in investing in real estate but I know a large number of the worlds billionaires got rich in real estate, so I figure i'll look into this.

I am looking at buying a cheap house (around 250k), then renting it out on AirBNB. Hopefully making a profit, but worst case, I break even, and still own a piece of property. What is the best way to pay for this house? I have the cash to purchase outright, but I am wondering if this is the best way to purchase. It will tie up all of my cash, and will take a very long time to make my money back, renting on AirBNB. Should I just take a mortgage out on it and put 20% down? Is there a sweet spot as far as the amount down and the mortgage. What would you guys suggest?



Submitted May 09, 2017 at 11:21PM by cof9 http://ift.tt/2pu0Upe

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