SO MANY WAYS TO BUY (PART 1) BRUCE KELLOGG
So Many Ways to Buy
(Part 1)
By Bruce Kellogg
#1
– Cash Purchase
This is the simplest method: write a check, wire the funds, etc. But more needs to be known etc.
a) The investor needs to calculate their percent cash return on their cash invested in order to
compare with other investment opportunities in front of them. b) When buying with cash, try for a price discount.
Don’t pay “retail” unless you have to. c) After buying with cash, take out a credit line on the property for security
if times get tough. Credit unions are good for this. In tough times, banks often reduce or cancel credit lines,
which makes banks unreliable when you need them.