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Updated over 6 years ago,

Raymond Murray's profile image
Raymond Murray's profile image
Raymond Murray
  • from Plantsville, Connecticut
  • Member since Jun 4, 2016
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5
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Raymond Murray's profile image
Raymond Murray's profile image
Raymond Murray
  • from Plantsville, Connecticut
  • Member since Jun 4, 2016
Connect
Raymond Murray
  • Plantsville, CT
2
Votes |
5
Posts
Starting Out

Repayment of HELOC or HEL

Raymond Murray
  • Plantsville, CT
Posted

Hi BP-So here is my question.I have a HELOC for 100K,I used 95k to buy and rehab a Multifamily which is fully rented now. I got cash in my saving,which I can use to pay back the HELOC immediately or I should just use my savings to get a next investment property and used rental income to pay HELOC.

Thanks for the response in advance.

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