Using a Line of Credit to Invest?
Hello BP,
My family and I own a four-plex free and clear and have been thinking of opening a line of credit. We will use this line to acquire other buy and hold investments (maybe even a flip or two).
After purchasing a property using the LOC our intention is to refinance the acquired property to a 30year fixed and pay off the LOC.
What are the pros/cons to this method?