Should I use my HELOC or IRA

[Michelle Clark]

I have been pre approved for an investment loan so I need to now come up with the 20% down payment. I wanted to hear from seasoned investors, what do you think is the best route to take to get this money. Since I have enough in my IRA, I could pull the 20% out of there or should I use the collateral I have in my home and use a HELOC loan.

My thought is that the HELOC is the better of the two, since I don't have any Tax implications. If I use the IRA then the money I will be pulling out of there is going to be taxed. Am I missing something?

Thanks for all the help and advise... Bigger Pockets is a really great resource with all the subscribers willing to share their insights and assistance.