Updated about 15 hours ago on . Most recent reply
Downpayment - Financing Strategy
I am looking for advice on the best strategy to finance my downpayment for a rental property I am purchasing in Florida. Currently, I have an accepted offer and have about 25 days to come up with financing. I have $53k in cash reserves, one long term rental that's paid off, one short term rental that still has about 83% left on the loan. I also have a primary that has about 90% left on the loan. I need to come up with 25% for the rental property I am buying $90,000 for a purchase price of $360,000. My primary has a 6.25% interest rate. My short term has a 2.75% interest rate. I have other investments too in the a Roth, a brokerage account, TSP, and employer 401k. What would be a good strategy in my situation?