Quote:
Originally Posted by P'tit Renard
Including taking out a HELOC to pay the downpayment of a new investment property. Leverage on leverage piles on.
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I did that several times. The interest rates on HELOCs are low enough that I’m maximizing every HELOC I have (a grand total of three; I barely have any leverage nowadays). I agree with Warren, it’s a smart use of credit — rates are close to the best available (second only to residential mortgages).
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