Buying cash vs traditional financing

[Jerry Pedulla]

Hi,

Purchasing a 2 family home in Ny. Trying to figure what’s the best way of paying for it. I have the cash or should I open a heloc. My thinking is paying cash to save over 25 k in closing costs. Eventually opening a line of credit to put the money back. 

This would be my first real investment home. Have 3 vacation rental properties. Guidance please.