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Updated almost 4 years ago, 01/21/2021

Jordan Gleason's profile image
Jordan Gleason's profile image
Jordan Gleason
  • Member since Jan 17, 2021
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Jordan Gleason's profile image
Jordan Gleason's profile image
Jordan Gleason
  • Member since Jan 17, 2021
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Jordan Gleason
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General Real Estate Investing

Heloc on first rental

Jordan Gleason
Posted

I am considering using a HELOC to put a 30% downpayment on my first rental property. Is this a bad idea ? I have about 100k just sitting there. I come from the Dave Ramsey school of thought. Taking out a loan to then get a mortgage has me questioning. I'm in the the VERY very early stages of learning. I apologize if I am beating a dead horse...

Really looking for advice or a point in the right direction.

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