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Updated almost 7 years ago on .

Shawn Edwards's profile image
Shawn Edwards's profile image
Shawn Edwards
  • Rental Property Investor
  • from Pompano Beach, FL
  • Member since Mar 24, 2018
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User Stats

3
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3
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Shawn Edwards's profile image
Shawn Edwards's profile image
Shawn Edwards
  • Rental Property Investor
  • from Pompano Beach, FL
  • Member since Mar 24, 2018
Connect
Shawn Edwards
  • Rental Property Investor
  • Pompano Beach, FL
3
Votes |
3
Posts
Starting Out

Secured vs unsecured debt

Shawn Edwards
  • Rental Property Investor
  • Pompano Beach, FL
Posted

Just a note of caution. This morning I was listening to a popular real estate investing podcast and they were discussing the many ways to finance a deal and step to get you finances in order before diving into REI. The host purposed the idea of using a HELOC to pay off your high interest credit card (17%). YIKES, I am not telling you how to manage your funds but please understand the difference between secured and unsecured debt before thinking this strategy is right for you.

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