best route to take using cash and borrowing
So wondering what the best way is to use my cash and lines of credit and Mortgage?
Currently, I have 4 properties. I started out using my cash and I'm questioning if that was the right decision. So i bought a duplex all cash for $16,000 and about $5,000 in repairs. I never got the money back from that as far as a line of credit from investment property, which i believe i can.
I bought my 2nd property (all cash) at $27,500, and I had a bank let me use that was primary residence and got back a $75,000 line of credit, which I just used $36,000 of that on my 3rd property purchase.
I now have $45,000 left in cash and $36,000 left on our line of credit.
When buying property what is best way to use cash and use lines of credit or mortgage? Any advice would be very helpful. Thanks
P.S also have $20,000 in ROTH IRA