Updated about 5 years ago on .
First time investor
Hello Everyone!
I've been following the bigger pocket podcast for a couple of years now and I'm finally in a position to start investing in Michigan. I formed an LLC and got a bank pre-approval through a credit union. I'm trying to figure out how to get creative with funding. For a first time investor, is it smart to go the more tradition route with a mortgage (assuming 20% down payment)? I'm also thinking about possibly refinancing and withdraw my initial amount out of the property. Is there a certain time period where I have to hold onto the property before I'm able to refinance and cash out my initial investment?
Super excited to start this journey and I appreciate any feedback or knowledge you can provide!