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Updated over 6 years ago on . Most recent reply

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Robert Bourne
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Robert Bourne
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Robert Bourne
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Financing on first property

Robert Bourne
Posted

I am getting close to buying my first property. I would like to try and get 5 properties in my first year. I am a bit older (60) and so I have some savings. Should I use savings, retirement funds or conventional lending? For example, should I pay cash for the first property and then take out a HELOC on it or refinance it to help pay for the second etc? Or should I just get a conventional loan from the beginning? I would appreciate any thoughts on this.

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