- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Financing Philosophies for RE purchase
Posted on 1/26/20 at 5:25 pm to CountMeIn
Posted on 1/26/20 at 5:25 pm to CountMeIn
Do you plan on renting the vacation property? If so, it might not be a bad idea to use funds from your home and get an LOC as the down payment. Especially if rental income pays off the LOC. In 2014 I bought a condo in Orange Beach and took a LOC on my house to use for the down payment. The LOC provided additional benefits in that it helped as a reserve fund for unexpected stuff that came up apart from the condo and assisted in paying some of the kid’s college expenses.
This post was edited on 1/26/20 at 5:36 pm
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News