HELOC vs Mortgage

[Joel Duby]

Starting my career as a real estate investor. I started this new journey 2 weeks ago and I'm committed and all in. The books I've read in the last couple weeks have really opened up my eyes, but I'm still a toddler here. Last fall I purchased a condo using a HELOC with the intention of making double principal payments to offset high interest rate and the draw period, as well as avoiding closing costs. Well, at this point I'm seeing I may have made a mistake. Would it be wise to transition this into a mortgage and put more cash flow in my pocket each month?