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Updated over 9 years ago,
Where do I start rolling my snowball?
I am soon closing on rental unit 4 and 5.
First property 10% down
Second 20% down with HELOC off primary residence
Third same as second
Fourth/fifth (a duplex) 25% down. Half heloc.
First three cash flow and I expect 4 and 5 to do so as well. My question is what do I start to pay off first?
Lowest loan amount first?
Or maybe start paying down heloc?
My plan is to try a cash out refi a year after I've owned one of the properties to gain money for the down payment on another.
Man this gets addicting!
I don't need my cash flow as I still have a day job right now.
Please share your thoughts on where I should start. Or please share how you started your snowball effect.
Many thanks!