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When you buy with cash you have less properties. The fewer properties you have, the less sources of income you will have coming in, and the more a loss of an income will hurt. If you have 1 property paid for with cash, it really hurts when it goes vacant. That is your only source of income from rentals. But if you have three rentals that have loans on them, one may go vacant, but you have two more that are bringing in money. When you have multiple rentals, you also have more diversification.
If you happen to have one rental, you are more susceptible to neighborhood changes, storm damage etc. With multiple rentals you have less of a chance of all your properties being damaged or hurt by personal guarantee loan usury factors.
You actually lose less money when prices go down with multiples properties.
Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Personal guarantee loan usury Law. California loans other than deferred deposit loans are issued pursuant to the California Finance Lenders Law. Principal address 7755 Montgomery Road, Suite 400, Cincinnati, OH 45236. Same day funds available only to customer who apply at an Allied branch location. Online Loans: AlliedCash. com is not a direct online lender and does not provide online lending services directly to consumers.
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