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Timothy C.Reed Jr.'s profile image
Timothy C.Reed Jr.'s profile image
Timothy C.Reed Jr.
  • Rental Property Investor
  • Member since Oct 18, 2020

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6
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Timothy C.Reed Jr.'s profile image
Timothy C.Reed Jr.'s profile image
Timothy C.Reed Jr.
  • Rental Property Investor
  • Member since Oct 18, 2020
Timothy C.Reed Jr.
  • Rental Property Investor
2
Votes |
6
Posts
Starting Out

HELOC, Home Equity Loan or Cash

Timothy C.Reed Jr.
  • Rental Property Investor
Posted

Okay I’m currently looking to buy my first rental property. I have cash but I also have a property that’s worth a little over 200k that I just pay property taxes on. I currently live in the property but have a 3-5 year plan to be out.

Would it be wise to hold my cash and go the HELOC or Home Equity Loan route?

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