All Forum Posts by: Ella G.

Any other opinions? :) 

I forgot to add we have also about $6000 or so in a traditional savings account. It was going to go to maxing out the Roth this year, but just sitting there at the moment. 

Thanks for your replies so far. Just want to clarify I would definitely not use the Roth IRA for a down payment, but rather as a "back up" to the EF if we went down to 3 months of expenses covered vs. 6 months.

We're ready to jump into a real estate investing (buy and hold, $100,000 single family home or less, out of state). We have the following funds avenues that we can use for a down payment, and wondering what may be the best use of resources. I would love input from the more experienced investors.

HELOC- Our primary home is worth more than double than what we owe (owe $95k, worth around $220k per Zillow). Downside is higher interest rate.

Conventional or other- We have approximately $15k in a high interest savings account. This is also referred to our EF which would cover 6 months expenses. We are considering using half of that.

We have approximately $19k in a taxable brokerage account in an index fund. We just stopped contributing to it monthly to start having more liquid funds, which was $550/month.

We also have Roth funds, which I know some use this as a EF too, so we have some flexibility here. 

What are your thoughts? What funds should we use and how much of it? Hold off and save more?