Preparing for my first deal

[David Camacho]

Hello BP! I’m just getting things started and want to get into ‘buy and hold’ properties to bring in some additional cash flow. My wife and I have a decent amount of funds set aside, but I was wondering if it makes sense to open a HELOC on our primary residence and utilize some of those funds as well for a down payment. My thought is that as long as we can cover the HELOC payment from the rent that we would be collecting we’d be fine. Thoughts?