If you heard someone said that purchase a property by paying cash could get the discount on the property selling price. However, taking up a loan is the safest way to purchase a property. So, which one is better to purchase a property? Here are the explanation for you;
- If you plan to purchase a property for personal use, and if you have sufficient cash on your hand, you can purchase that property by cash. But beware of the property conditions, you have to hire a property inspector to conduct the inspection work of that property.
- If you plan to rent out your property, taking up a loan is more make sense and you should borrow as much as money from the bank as you can.
- Every property investors are not encourage to purchase a property with cash.
- You should not take the loan from the bank if the amount of net income which you get from the property does not cover or above the amount of loan payment that you have to pay back to the bank....
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