Which funds to use first?

[Matt Friesz]

Hello Bp!

I am getting into real estate investing. I have some liquidity and I’m starting to put offers on properties. I've found one that I'm very interested in. It's more than I was thinking I could afford, but I know that there are ways for me to purchase it. Can someone help me with being creative with my funds and OPM?

I have a $100K HELOC and $80K liquid. Should I use the HELOC first, then dip into the cash? I also have some funds in a Roth IRA. Any help would be appreciated. Thanks! Matt

[Lien Vuong]

I would definitely utilize a loan to purchase whatever asset you've identified, use the $ from HELOC to put towards down payment and hold onto your liquid reserves for emergencies and any repairs you might need to improve on the property.