How should I finance my first deal?

[Anthony Dimino]

Hey all! I need a little advice on how to find my first deal. I’ve been hesiitsnt to make a deal until I got a good enough cushion in the bank and I think I’m finally there.

goal: cash flow 20k/month in 10 years time

Midwest is where I’m primarily looking right now. Single family houses under 120k

I currently have a primary home with about 100k in equity and I also have about 100k liquid cash.

I am torn between using my own cash to put down 20% or doing either a cash out refi or HELOC.

I’d just like to get some opinions from experienced investors on which is the smarter play. Thanks in advance!