Paying Mortgage Down faster

[Will Bert]

I came across a video where a lady broke down how to pay down a mortgage using HELOC her method seems doable not sure if I can post the video here if I can let me know and I will share it..My question

Is it worth doing this with a rental property ?

Even for 1 year to gain equity 

[Brett Russell]

@Will Bert, that's something you'll have to decide for yourself.  What are your goals?  Without knowing the method you are talking about, we can't really comment on that method, but you should weigh it against your goals.  If you want to acquire equity, then pay down the mortgage however you want.  If you want to acquire more properties, then pay only the minimum and use cashflow to save up for more properties.

In my mind, unless you are already at your goal number of properties, then you should only pay down the mortgage more quickly if the mortgage interest rate is higher than the ROI you can get with another property (or other investment).