Should I pay house off and use line of credit ? - Posted by David Hasselberg

Posted by David Hasselberg on December 31, 2000 at 21:07:01:

I have made my first deal on a investment property and I want to do more . I sold some land that I have had for some time and can pay my $185,000 house off. I would like to set up a line of credit with the bank to use on house deals ? I’am I way off. I guess I’am thinking that if I don’t do a deal in a month I have save a $1500.00 morgage payment . Also were’s this convention at ? Thanks Dave and have a great New Year !!!