HELOC as a down payment?
Hi BP members. I've been reading through lots of threads, getting myself familiar with real estate and have a question for you. Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA.
Like a lot of young investors, capital is a big problem. I have the ability to access a good amount of cash for a down payment on a property through a HELOC if I choose. Have any of you done this, and how does it affect your numbers on what to look for in a deal for an investment property?