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Updated over 5 years ago on . Most recent reply

Micah Hensley's profile image
Micah Hensley's profile image
Micah Hensley
  • from Lee's Summit, MO
  • Member since Sep 19, 2019
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Micah Hensley's profile image
Micah Hensley's profile image
Micah Hensley
  • from Lee's Summit, MO
  • Member since Sep 19, 2019
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Micah Hensley
  • Lee's Summit, MO
10
Votes |
34
Posts
Starting Out

Repaying a HELOC Loan

Micah Hensley
  • Lee's Summit, MO
Posted

Good Morning!

So as a newbie I am curious. If I was to make the down payment on an investment property via HELOC, how do you typically go about paying it back? I know they are interest only for 10 years, but that obviously doesn't pay back the amount taken out. So do you just take it out of your cash flow? Do you refinance down the road? What are you all doing?

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