As you plan your strategy around investing in a Nashville property, you’ll have to decide how you’re planning to pay for that investment. Maybe you’re paying in cash. Probably not, but maybe. If you’re like most investors, you’re planning to finance this property. And to do that, you’ll need a plan. Will you take out a conventional mortgage or do something different?
Let’s take a look at some of the most common options and the smartest strategies. The best choice for you will depend on a number of factors, including what you’re buying, how your financial position feels currently, and whether you’re leveraging any of your existing properties to increase your portfolio.
We’ll talk about what most of the investors we work with do, and we’ll also remind you about an important but nuanced financing tool: the 1031 exchange.
Let’s dive in and talk about financing.