All Forum Posts by: Vincent Buggs

I have plenty to consider and appreciate everyone's input. It seems that the equity is definitely a viable option. Although, pulling out the equity will be reflected on the credit report vs. a 401k loan which will not. The potential write-offs for the HELOC is enticing.

@Mark Kelley- We have some cash set aside for investing, however, we are in SoCal which is a pricey market. In order to meet the 25% down payment requirement, we have to consider other avenues. 

@Thomas S.-I appreciate your input. You have given me something to think about. Thanks. 

@Thomas S.- I can appreciate your line of thinking. As I am learning, as with any investment there is inherent risk. I am hesitant to tie our home to an investment. What if the investment fails?

@Mark Nolan-How can I learn more about that?

@Tyler Turpin- I like that idea

@Robert Smith- I hadn't considered the cash out refi. It seems a better decision to use the retirement account. Thanks.

@Michael S.-looks like a great resource. Thanks

I am looking to invest in a duplex or triplex. Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence? 

Hello All,

I have been interested in investing in real estate for a few years but never pursued it as I am today. Since committing to this goal of becoming a successful real estate investor, I have found several helpful resources to include BiggerPockets.com (via Podcasts). I hope to learn a lot from the BP community, and maybe one day, be a featured guest on the BP Podcast!! Thanks to all in advance for sharing your knowledge.

Vincent