I have quite a bit of equity in my home , enough to get a line of credit and purchase a small rental with cash. The market is tight and being an all cash buyer could help me, but is it a smart choice?
@Suzanne DiIorio , yes. As long as you're running your numbers, have strong due diligence, and a plan to move into some long-term debt.
HELOCs are great, but they are best suited for short-term debt.
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