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Updated almost 5 years ago on . Most recent reply
For an unexpected expense
Thoughts on using a personal line of credit for unexpected expenses as opposed to just saving money in a an account and using that. 🤷♂️
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
The use of cash for anything now is not the best choice. We don't know how long this will last or how deep it will get. Arrange a line of credit just to have it and use it, and conserve cash as well. Cash is the most important commodity headed into a recession. I was not completely sure if that is what you were asking. All the best!