Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Equity Optimization through HELOC
I'm very new to Bigger Pockets and my wife and I are interested in eventually getting into real estate as a side gig (for now). We've been researching quite a bit through this site but we also stumbled upon a different podcast where a guest was explaining how using a HELOC could be used to pay down our personal or rental mortgage down very quickly (5-7 years). They say the HELOC would be used as a revolving door for our income and monthly expenses instead of using checking accounts. I'm curious if anyone has heard of this or uses this and how it differs from just throwing extra money down on our mortgage when we can. Thank you for the advice.