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Updated over 7 years ago,
First Investment Financing
I'm working on my first real estate investment and I'm having trouble deciding on the best way to finance a property. I'm looking to buy an apartment and either use a Heloc based on my current home's equity and do a BRRR or put 20% down on a mortgage. Just curious what the pros and cons are from a risk standpoint. I like the heloc because it provides the opportunity to do another investment sooner, but don't like that it is tied to my residence, even if for a short period of time.