Deciding how to get the most out of my investment/s
Hi! I’m looking to see what the best way for me to invest my loan is. 
I did a cash out refi on my house and didn’t take the full amount but I did take $125,000. It’s more or less $560 a month on the loan with a low interest rate. 
I’m going to look at a property today worth $120,000 to use as a rental property if all goes well. 
Im wondering if it would make more sense to outright pay for the unit or put down the minimum 25% required and take a mortgage out on the rest. The idea being I then can use the rest of my loan to invest into other potential units. 
Any advice is greatly appreciated!
[{"id": "i7y3sjw", "text": "BRRRR!!!\n\n&amp;#x200B;\n\nWow, you must be in Grand Rapids or something.", "replies": [{"id": "i7y491w", "text": "Texas", "replies": [{"id": "i7y4qpk", "text": "Nice try Grand Rapids!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i7y57t8", "text": "It depends on your risk tolerance really. \n\nIf you put down 25%, this is the most risky option as you will be leveraged against price swings, however you could do this 3/4 times on other properties. \n\nYou could put down 50% instead to lower your risk and still use debt to increase your cash on cash returns, and you have another $60k to put down on another property if you so wish\n\nOr you could buy in cash, which would give you less of a return, but you are less exposed to price fluctuations on the amount you have invested (in percentage terms)\n\nIt\u2019s all down to your personal risk tolerance :)", "replies": [], "depth": 1}, {"id": "i7yd9nt", "text": "Buy it using the least amount our of pocket as you can.  The debt service is a write off and if you use depreciation correctly you will come out miles ahead. Save your cash and invest in multiple properties.", "replies": [{"id": "i7yh4tg", "text": "Second this as long as the property cash flows enough to cover the debt service AND any additional capex and maintenance on the property. \n\nNot sure what part of Texas you are in, but if your budget allows look for a Multifamily property with multiple units.", "replies": [], "depth": 2}], "depth": 1}]