Down payment Strategies

[Richard Boughton]

Good Morning, My name is Rich Boughton and I live in Wilmington, NC and am new to real estate investing and have not yet done a deal. My strategy for a first house would be a buy and hold for long term wealth generation. In preparation for financing, I have started speaking with banks regarding lines of credit and I have just put in an application for a line with a local bank. 1. Do you recommend using a line of credit for a down payment so that one can quickly make an offer on a single family house? 2. Are there any considerations I would need to be aware of in doing so? Any help would be appreciated. Thank You, Rich