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Updated about 1 year ago on . Most recent reply

Jay Varela's profile image
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Jay Varela
  • Member since Dec 14, 2023
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Jay Varela's profile image
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Jay Varela
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Jay Varela
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General Real Estate Investing

Payoff 60k or use heloc to buy more properties?

Jay Varela
Posted

Hi everyone, I'm Jay. 

I need your advise. I own 1 LTR and i'm ready to purchase my second property. I owe about 60k on that property and thought, I could pay that off before the end of the year, Increase my monthly cash flow, then purchase a second property or use the heloc now to invest into a second rental?

Any advice would be greatly appreciated! 

Thank you!

Westchester County, New York
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