Investment property using HELOC or money saved in the bank

[Neville Miranda]

I'm looking at investing in RE property/properties like townhouse/condos for passive income. I have a property that I can tap into its equity. I also have some considerable Savings. Considering this situation, what would be the best approach, should I utilize my savings to pay upfront for a single RE property or take a HELCO and divide my savings to buy multiple properties?

[Jason Wray]

Neville,

Never touch your money always stay cash fluid and use the banks for the funds.  Use your equity in the home to pull out cash to use as the down payment.  Rates are starting to trend down and now is a great time to pull cash out and make an offer before home prices start to increase.  As rates come down more it will cause a higher amount of buyers and offers.  This always triggers multiple bids and over bids causing a natural price hike.

You can always refinance down the road considering rates are dropping to adjust the refinance rate back down.