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All Forum Posts by: Tyler Wright

Tyler Wright has started 1 posts and replied 1 times.

Starting Out

Post: Cash down or use line of credit for first rental

Tyler WrightPosted
  • Posts 1
  • Votes 0

Helllo everyone, I am new to REI and taking the time now to learn as much as I can. I am looking to buy and hold on a single family property in the Richmond, Va area. I currently own my own house and was wondering if I should save up some extra cash to invest in a new property or should I use a line of credit to put down on a new house. I currently have enough cash to be able to put down 25% on a small home. Just asking around to see if I should save more and just use the line of credit or to keep the equity I already have. Any advice would be much appreciated! Thanks

0 Votes
Richmond, Virginia