Best Down Payment Source

[Jared Khan]

Hi BP - long story short, my cash is tied up in illiquid assets at the moment. I do however, have full availability on my HELOC, various credit cards that are offering me 0% balance transfer checks for up to 12 months, and various retirement funds (Roth IRA, traditional 401k, etc.)

I'm already a homeowner in SoCal, but I want to buy my first LTR SFR someplace like Cleveland since the price point is attractive. Aiming for conventional and not a DSCR loan due to costs and the higher down payment requirement for the latter.

With that said, I'm curious to hear your take on what the most cost-effective & efficient approach would be to source a down payment. I personally like the credit card balance transfer check route, since it's interest-free for a decent amount of time (aside from an initial 3.00% fee).