What are the downsides to buying more rental properties with loans. There is a downside to more properties. You will have to pay more for repairs and improvements since each property will need repairs, not just one. You will also have three rental properties to manage instead of one. However, if you are able to cash flow 400 or more with a mortgage, you will still be way ahead of the game by leveraging your money. You will also personal guarantee loan form more total cash flow coming in, which can pay for personal guarantee loan form property manager.
We accounted for the repairs and maintenance when we figured the cash flow, so it wont be an added expense with more properties, but it will be more work if you manage the properties yourself. Some people think it is less risky to buy with cash than with a loan, but I would also disagree.
Here are some reasons why cash may be more risky than getting a loan. When you buy with cash you have less properties.
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