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Updated about 6 years ago on . Most recent reply

Rodney L.'s profile image
Rodney L.'s profile image
Rodney L.
  • from Cedar Hill, Texas
  • Member since May 23, 2014
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Rodney L.'s profile image
Rodney L.'s profile image
Rodney L.
  • from Cedar Hill, Texas
  • Member since May 23, 2014
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Rodney L.
  • Cedar Hill, TX
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Starting Out

Trying to do my first deal

Rodney L.
  • Cedar Hill, TX
Posted

Hi family! I don't currently have the funds for a down payment for a rental property. Would it be worth it to get a HELOC of $20k on my primary residence to use for the down payment to get me started? I'm guessing that my monthly payment would almost equal the cashflow for the property, if not slightly more.

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