HELOC for investment properties? Pros & Cons
Have an amazing deal now that we got for 1.4M and is already worth 1.9M. Once we rehab this 1960s home using a hard money loan of 1M, we expect to have at least 1M in equity. Our original plan was to use a HELOC to purchase additional investment properties (either multifamily or single family homes. Is paying cash for a property smarter right now or should we go the 20% down rule?