Is taking secured loan to buy rental property GOOD Idea.

[Ankit Khatri]

I am thinking to get a collateral/secured loan against my stock portfolio. AND I want to invest that in a rental property and at the end of the loan term I wish to flip the property to pay back the loan.

Please let me know your thoughts and pointers to good lenders, CPA. If someone has worked with the secure loans, please share your experience and things I need to take care of.

[Chris John]

@Ankit Khatri

I'm not suggesting you do this, but I funded my first real estate purchases by refinancing my home, borrowing against a life insurance policy, and taking the principal out of my Roth IRA.

I've never regretted it, but Dave Ramsey did say on the radio one time, "You know what they call people that borrow money to buy rentals?  They call them idiots!"  It hurt my feelings...  :(   haha.