Tips on Property Investment|The Best Investment Properties Advice
Oct
17
Filed Under (Property Investment Advice) by admin
Patricia P asked:
My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Leslie
My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Leslie
Comments
Kile on 18 October, 2008 at 1:09 am #
Forget taking such a risk. Untill you have a nice 6 months emergency fund don’t go messing with your home security.
Good luck but don’t let the vision of having investment property make you do something foolish. IF you did have some money in the bank and experience my answer MIGHT be different.
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