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Updated over 3 years ago, 07/19/2021
Cash or HELOC? A question from a brand new investor.
A real newbie here. This question is probably asked a lot.
My offer just got accepted on an investment property. Sale price is $200K and I plan on making 25% down payment. Would you use cash or HELOC from primary home for the down payment? The current tenant is paying $1450 rent and we are keeping the family. This will be a long term investment. The house is in good condition.
Thank you for the feedback!