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Updated about 6 years ago on . Most recent reply

Tim Thorpe's profile image
Tim Thorpe's profile image
Tim Thorpe
  • Rental Property Investor
  • from Gualala, CA
  • Member since Nov 14, 2018
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Tim Thorpe's profile image
Tim Thorpe's profile image
Tim Thorpe
  • Rental Property Investor
  • from Gualala, CA
  • Member since Nov 14, 2018
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Tim Thorpe
  • Rental Property Investor
  • Gualala, CA
8
Votes |
13
Posts
Personal Finance

Avoiding out of pocket money use

Tim Thorpe
  • Rental Property Investor
  • Gualala, CA
Posted
I’d like to hear people’s thoughts on obtaining a second loan to avoid using out of pocket money for a down payment on a long term investment property... I’m very new to real estate investing, so any advice is appreciated.
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Justin A.'s profile image
Justin A.'s profile image
Justin A.
  • Rental Property Investor
  • from Dallas, TX
  • Member since Oct 1, 2017
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Justin A.'s profile image
Justin A.'s profile image
Justin A.
  • Rental Property Investor
  • from Dallas, TX
  • Member since Oct 1, 2017
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Justin A.
  • Rental Property Investor
  • Dallas, TX
26
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39
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Justin A.
  • Rental Property Investor
  • Dallas, TX
Replied

you may be able to do so, with a loan/cc debt. This is not a good option with long term investing, it will sink into your profits and investment if you do not have a short term way of paying it off

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