Buying Property Outright W/ LOC

[Chris LumLee]

Hi BP Community,

I come with another question- though I caution this will probably sound stupid.

I have a personal line of credit and I'm looking at buying another property. I only have a couple thousand dollars in cash because I spent most of it for a down payment on my second property.

So the question is ... "if you have a personal line of credit and have enough available to outright purchase a property, would you? Why or why not?"

I know the answers could be full of "it depends" so I'm trying to keep the question open-ended.

Thank you!