How do you buy investment property with a home equity loan?
My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don't have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Investment best answer:
Answer by Kile
Forget taking such a risk. Untill you have a nice 6 months emergency fund don't go messing with your home security.
Good luck but don't let the vision of having "investment" property make you do something foolish. IF you did have some money in the bank and experience my answer MIGHT be different.
Investment
31 - race 3 - Great Investment w/ Larry Lake
Image by CMCoolidge
Great Investment (#2)
Dr: Larry Lake
Tr: John Bangert
Orignal From: How do you buy investment property with a home equity loan? and 31 - race 3 - Great Investment w/ Larry Lake
No comments:
Post a Comment