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Updated over 5 years ago,

Cole Black's profile image
Cole Black's profile image
Cole Black
  • Rental Property Investor
  • from Markdale Ontario
  • Member since Apr 27, 2019
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User Stats

94
Posts
12
Votes
Cole Black's profile image
Cole Black's profile image
Cole Black
  • Rental Property Investor
  • from Markdale Ontario
  • Member since Apr 27, 2019
Connect
Cole Black
  • Rental Property Investor
  • Markdale Ontario
12
Votes |
94
Posts
Buying & Selling Real Estate

using line of credit as a down payment

Cole Black
  • Rental Property Investor
  • Markdale Ontario
Posted

Has anyone ever used a line of credit to cover a down payment to get into the investment with no money down? eventually refinancing the property and pay off the line of credit. Is this a good idea bad or a bad idea? Haven't given it much thought but I thought it might work, what are your thoughts?

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