When to Use Cash to Buy Real Estate

November 29, 2024 • Estimated Reading Time: 4 minutes

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This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Paying cash for real estate offers several advantages. You eliminate monthly mortgage payments, providing peace of mind and financial freedom. Cash transactions often close faster, as there's no waiting for loan approvals, making it easier to secure a property quickly. Additionally, paying cash can give you more negotiating power, potentially leading to a better purchase price.

While paying cash for investment real estate has its perks, there are some downsides to consider. Tying up a large amount of capital in one property can limit your liquidity, making it harder to seize other investment opportunities. This approach also reduces diversification, as your funds are concentrated in a single asset. Additionally, you miss out on the potential tax benefits that come with mortgage interest deductions. Leveraging your investment with a mortgage can also amplify your returns, something you forgo when paying cash. Lastly, using cash means you might not be able to take advantage of low interest rates, which can be a cost-effective way to finance a property.