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Updated almost 11 years ago,
Home Equity or Line of Credit ..... Starter investor
I'm am a starting Real Estate Investor and I am in the planning stages right now.... I'm using the The Property Buying Process as of right now as a guide from the Ultimate Beginners Guide
So I am on step three and cam along a question about financing the deal(s)
What does everyone think about using a line of credit or home equity.
Little bit about me I am 23 married and have a son. Me and my wife do currently own our house here in henderson,NV
So I guess my question is what are the pros and cons of using this kinda format for a first time startup? Is it smart? Is it risky?
Thanks Brandon