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Updated about 6 years ago,

Amber Tippett's profile image
Amber Tippett's profile image
Amber Tippett
  • from Long Beach, CA
  • Member since Jan 1, 2019
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25
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Amber Tippett's profile image
Amber Tippett's profile image
Amber Tippett
  • from Long Beach, CA
  • Member since Jan 1, 2019
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Amber Tippett
  • Long Beach, CA
2
Votes |
25
Posts
Starting Out

Should I use equity from my home for downpayment on first rental?

Amber Tippett
  • Long Beach, CA
Posted

I'm obviously a super newbie, just thinking through options to get started. My husband and I have a ton of equity in our home that could be a line of credit towards upgrades, however wondering about putting it towards a first investment property instead. Is that a terrible idea?? 

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