Featured image by M Zaedm on Unsplash
Sheikh Abdullatif Al Shelash admits he hasn’t paid cash for any property, opting for mortgages instead. Moreover, he advises others to follow his lead. In his own words, he explains why.
There are several reasons why the financial expert does this. One is that he feels cash could be put to better use than just using it for equity in a home.
“Every home I bought, I bought it [with] a mortgage,” he says. “Most of the appreciation did not come from the construction of the house or the building itself. It came from the land itself.”
Not only does Al Shelash have a knack for managing mortgages, but he also has a keen eye for finding hot real estate investments. “Every home I bought