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Updated almost 3 years ago,
Downpayment: Should I be using a HELOC or my own CASH
Hoping to get some advice.
I've been buying my investment properties with 25% down of my own money and recently another investor recommended that I should be using my HELOC for the downpayment to allow me to write off the interest on the downpayment.
Does anyone have any comments or insight on this advice?
I asked my CPA who basically said "yes I can do it" but didn't provide a recommendation if this was beneficial or not for me.
I am in the highest income tax bracket if that matters any.
Thanks in advance.