Fix Up Real Estate With Cash?

Rick has a lot of available cash, so Dave encourages him to use that cash for his property because cash is king in real estate.

QUESTION: Rick has $350,000 available in cash.  Should he use $125,000 of that to fix up a property he owns?  The property could make him a lot of money in the future.

 

ANSWER: Just make sure you do everything with cash.  Debt increases risk.  Cash is king in the world of real estate.