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By the way (excellent credit score) the value of the investment single Family is 160000
You should consult with a CPA for tax implications. The interest can be claimed as deductible in both cases, but the method and location of the deductino is different and your CPA can advise on that.
Personally, I'd rather have a mortgage on an investment property than my primary residence. Investment typically works best if your monthly rent collected is enough to carry the mortgage, taxes, insurance, maintenance, vacancy, possibly property management AND still leave a cushion. So you have to work out the numbers and see what size mortgage fits into that equation.The opposite angle (in favor of cash out of occupied) is that often an all cash purchase can secure a much better acquisition value than a purchase contingent on financing, so you have to consult a local real estate agent and see how much influence this has on your local market.
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