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Updated almost 8 years ago,

User Stats

102
Posts
10
Votes
Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
10
Votes |
102
Posts

Should I use my IRA or Heloc for my first deal?

Jeremy Karja
  • Rental Property Investor
  • Elk River, MN
Posted

I have about an equal amount of cash I can get from the equity in my home and my IRA. I live in Minnesota. Which should I start with and why? My goal is duplex, triplex, fourplex to generate good cashflow as I rinse and repeat the process.

Love to do the follow the BRRRR strategy. I know I cannot use the Ira money and mix my own money but if I can start with the IRA money then re-finance out my ira money after I fixed up the property I would be very happy.

Love to hear your thoughts and questions.

Thank you.

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