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Updated over 8 years ago on . Most recent reply

Aaron Moore's profile image
Aaron Moore's profile image
Aaron Moore
  • from Bloomington, Illinois
  • Member since Aug 21, 2016
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Aaron Moore's profile image
Aaron Moore's profile image
Aaron Moore
  • from Bloomington, Illinois
  • Member since Aug 21, 2016
Connect
Aaron Moore
  • Bloomington, IL
2
Votes |
33
Posts
Creative Real Estate Financing

Down payment or buy outright?

Aaron Moore
  • Bloomington, IL
Posted

Hello Everyone,

I recently closed on a HELOC for $63k and I'm looking to purchase a multi-family property. My question is would it be better to use the LOC for a down payment or should I pay all cash if the CoCROI is high enough?

I wouldn't use the entire LOC on the purchase because I don't want to over leverage. Any comments would be great appreciated.

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