Need quick advice/help on leveraging finances

[Jeremy Luster]

My wife and I are in the process of starting our rental portfolio. We're scheduled to close on a property soon but wondering what's the best way to leverage our money for the down pymt. We currently have a Heloc available, some cash, and our 401K's. Our plan is to buy another SFH or possibly a multi before the end of the year but wondering what's the best plan of attack. What strategy would you guys use in this scenario to give the most leverage moving forward?

Should we use the Heloc only?  Half cash/heloc?  etc.

Thanks in advance,

Jeremy

[Caroline Gerardo]

Don't withdraw from your 401k and owe income tax, see if you can borrow against it (this payment is included in your qualifying for a new mortgage however)