Jimmy the Cricket asked:


As you can see the real estate market is cooling down…
What would you do if you have extra money, will you invest your money in a property or will you put your money somewhere else (mutual funds, ira, 401k etc)??

Alicia

Country Pilot asked:


With the real estate market in a rut, I want to buy one or more investment properties. I can take out a HELOC for about $50K for prime minus one. I would use this to put money down and then borrow the rest in an investment loan. However, I don’t want to open too big of a HELOC and restrict my ability to get an investment loan. What is the best strategy and were are some good guides to turn to in this area?

Gloria

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