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All Forum Posts by: Jordan Gleason

Jordan Gleason has started 1 posts and replied 2 times.

General Real Estate Investing

Post: Heloc on first rental

Jordan GleasonPosted
  • Posts 2
  • Votes 0

@Dalyn Hazell - how big of a reserve are you referring too?

Again very new at this.

0 Votes
General Real Estate Investing

Post: Heloc on first rental

Jordan GleasonPosted
  • Posts 2
  • Votes 0

I am considering using a HELOC to put a 30% downpayment on my first rental property. Is this a bad idea ? I have about 100k just sitting there. I come from the Dave Ramsey school of thought. Taking out a loan to then get a mortgage has me questioning. I'm in the the VERY very early stages of learning. I apologize if I am beating a dead horse...

Really looking for advice or a point in the right direction.

0 Votes