Paying Cash for a Home?

Sounds like a good plan. I would even go as far and say, Leverage your money and purchase maybe 2 or 3 at a time? Hopefully not much to rehab on the homes and can rent quickly. What is the condition of these homes? Have you looked into HUD owned homes in your area? You would need to put at least 20% for a Non-owner occupied Conventional, FHA does not allow investment purchase. You can only refinance FHA Owner Occupied into an Investment property. So think about that, I lend in all States. Either way, let me know, lets talk about it some more. Email me rconstantine@myhsoa.com, my name is Rich. Hope this helps! RC

Yes you could do that, however, it might be more beneficial to you if you could buy more houses with the $100k and flip them for even more profit within the same period of time. You can purchase rental properties with 10% down and NO PMI if you buy a Fannie Mae owned home. Why not profit on 3-4 homes at the same time? Hope this helps. If you have any other questions, feel free to call on me. Patrick McCarthy, Northpointe Bank Mortgage, 866-901-3576. We Lend in 47 states. Call me to see if we lend in yours. :)

sounds like you got it all figured out. Or you could buy 4 homes and put 25K down on each home. And live off of your return from rent.