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Updated over 8 years ago on . Most recent reply

User Stats

70
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31
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Virginia Jones
  • Rental Property Investor
  • Pulaski, VA
31
Votes |
70
Posts

Down payment

Virginia Jones
  • Rental Property Investor
  • Pulaski, VA
Posted
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 ?

Most Popular Reply

User Stats

139
Posts
98
Votes
Stacey Paulin
  • Investor
  • Atlanta, GA
98
Votes |
139
Posts
Stacey Paulin
  • Investor
  • Atlanta, GA
Replied

@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!

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