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Updated over 8 years ago on . Most recent reply
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Down payment
Hello everyone, I have a question regarding the down payment of my first rental home. I have enough saved in a mutual fund for a down payment. Would you recommend taking this out and investing it in real estate or leaving it there and saving up other money for the down payment ?
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@Virginia Jones I absolutely would go for it. I recently did something similar. I had a 401K that was growing very slowly. I decided to cash out, take the small hit for drawing early, and I was able to put it all on a deal that is cash flowing nicely.
Take your time and analyze the deal. If the numbers look good, do it!