The way to wealth is debt?

[Shaun Hunt]

So, I am sure this question has been answered many times, but let me ask it again and see where it goes.  If you have a link to a related forum discussion, I would be thrilled to check it out.

I jumped into the investing game about three years ago.  The only way I was able to do so was by refinancing my house, that I would have owned in about three years.

To date, I have a duplex and three single family homes. I owe about $460,000. That includes a HELOC on my personal residence and a HELOC on one of the investment properties.

I have about $35K remaining on one of the HELOCs.  

My question is, should I purchase another home by using the remaining credit, or should I start paying down my HELOCs and other loans. At what point do I call it quits on purchasing and focus on paying off loans?  

I realize there is a lot involved in this question, I guess I'm just looking for some ideas.

Thanks!  I love Bigger Pockets!