There are 3 ways people find money for their first investment property. It isn't all cash!
I would say that a majority of my students who are buying their first rental property either use cash savings or a HELOC.
Then, people use a 401k.
The drawback to a 401k is that the monthly payment is higher due to the typical 5-yr loan term.
What down payment method do you prefer between the three?
I help aspiring real estate investors be successful with their 1st rental property.
➡️➡️ Follow me @brickbybrickwealth
I would say that a majority of my students who are buying their first rental property either use cash savings or a HELOC.
Then, people use a 401k.
The drawback to a 401k is that the monthly payment is higher due to the typical 5-yr loan term.
What down payment method do you prefer between the three?
I help aspiring real estate investors be successful with their 1st rental property.
➡️➡️ Follow me @brickbybrickwealth
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