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Updated over 6 years ago on . Most recent reply

User Stats

15
Posts
10
Votes
Phil Harris
  • Investor
  • Vancouver, WA
10
Votes |
15
Posts

Investment Accounts vs. Down Payments

Phil Harris
  • Investor
  • Vancouver, WA
Posted

I'm having a bit of an issue. I've got money in an Edward Jones acct. left over from the sale of my first home 4 years ago. I specifically wanted to use that money for real estate investing. I'm at a point now where I don't want to lose my positions. I want real estate but don't want to wipe out my acct. At some point I would like to gather up all my accounts and go all in on a multi unit property that will allow me to live on that money. I am considering a HELOC right now, but I was thinking of maybe a line of credit, or a personal loan? Has anyone else had this scenario before? Any specific banks to work with?

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