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Updated over 4 years ago,

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3
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Johnny Vue
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3
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Using a HELOC and paying it back

Johnny Vue
Posted

Hi. I'm rather new to real estate investing and looking at purchasing my second property. I live in San Diego and it's expensive here. I have a few questions about using a HELOC to purchase an investment property. Besides paying more than the interest, what are other strategies to pay off the credit borrowed on the HELOC as soon as possible? I thought of doing a cash out refinance on my primary residence and use it to pay the HELOC bill, but would that be a smart move?

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