Why Not Use Home Equity For A Purchase
I keep reading that you shouldn't use
home equity to purchase or make down
payments on rental properties. Why?
It is a very low interest loan and can
also carry interest only payments. And
the interest is tax deductible.
I did it this way. Just make sure the income from the property will service your line of credit and have a positive flow. And don't forget...it's tax ded...
K.Jubb