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Updated almost 8 years ago,
Newbie from Carrollton area (DFW)
Hi everyone! So thankful for such an amazing portal of endless resources, contacts, and topics for real estate investors. I am gearing up in preparation for my first deal. Looking for SHR and/or multi-family.
While I have some liquid reserves on hand, I like to see what other sources of capital I can easily tap into.
Would like input on whether I should take out a HELOC on my house which equates to $70-$75K as an added source of investment capital.
Additionally, is it advisable to borrow from my 401(k)?
Pros/cons on both please...
Thanks!