Funds for investments

[Kristie Hurst]

My spouse and I are debating investment strategies, specifically how to best utilize an amount we have available from our HELOC. He prefers to pay properties in full to avoid paying interest. At that rate it will take decades to grow our portfolio - and we're late to the game as new investors in our late 40's.

My suggestion is to take our available funds and break it down into down payments for 2 or 3 properties, have the tenant pay down the remaining loan, then take out HELOC on those properties for down payment on more properties......rinse and repeat. He disagrees and wants to own our properties outright from the get go.

I know this has been discussed a million times so I apologize for the repeat question, but I’d like well versed and experienced investors to share their experiences to help educate my spouse on this process. 

Thanks!