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.