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Updated almost 6 years ago,

User Stats

9
Posts
3
Votes
Matthew Roberts
  • Rental Property Investor
  • North Shore, MA
3
Votes |
9
Posts

Using equity for down payment on new property?

Matthew Roberts
  • Rental Property Investor
  • North Shore, MA
Posted

Last year we bought our first multi-family. Great location, very happy. Moving forward, we are going to start looking at other properties to grow. Would it be a bad choice to use equity from the home we have as a down payment on the current property? If there are other strategies, please share. Would like to make the 20%.

Thanks!