Investing with Equity- 👍🏻 or 👎🏻 ?

[Account Closed]

Thoughts on borrowing equity to buy an investment property? Either multi-family rental or flip.

[Carini Rochester]

Go for it! Faced with the choice of either borrowing against equity, or saving for the next five years . . . I'd go with borrowing against equity!

[Floyd Mullens]

Quote from @Carini Rochester:

Go for it! Faced with the choice of either borrowing against equity, or saving for the next five years . . . I'd go with borrowing against equity!

I second this. ME and my wife really want to dive in deep with REI. However our credit isnt quite good enough to do a cash out refi (mid 600's) we would like to be atleast 700 or more. We do have a good cash reserve at the moment and it is growing very well and might have another $10-$15K added by april. Good luck!!!