Quote:
|
Originally Posted by Peaches
Same here. I have the cash to pay my house off but I'm holding onto it in hopes of getting some decent foreclosures when the shit starts happening. 
I've seriously even thought of using my HELOC to invest in more RE, but haven't bit that bullet yet...... |
Smart to use the cash to pick up foreclosure properties, but do NOT take a HELOC!!! That is a VERY bad idea IMHO. I have seen WAY too many people screw up with that. Don't leverage a property purchase if you don't have to.
