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Updated over 5 years ago on . Most recent reply

Adam Parker's profile image
Adam Parker's profile image
Adam Parker
  • Rental Property Investor
  • from Denver, CO
  • Member since Nov 29, 2019
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User Stats

24
Posts
11
Votes
Adam Parker's profile image
Adam Parker's profile image
Adam Parker
  • Rental Property Investor
  • from Denver, CO
  • Member since Nov 29, 2019
Connect
Adam Parker
  • Rental Property Investor
  • Denver, CO
11
Votes |
24
Posts
General Real Estate Investing

Financial advice/discussion in Colorado

Adam Parker
  • Rental Property Investor
  • Denver, CO
Posted

Hi all ! New investor here. I recently took out a HELOC on my first house (had about 50% equity in it) to buy a second property that is multi family and renting out well. My question is with my extra 1000 a month from the new place (money after mortgage) should I pay extra towards HELOC, pocket the funds for repairs and vacancies, or any other ideas

HELOC 3.99 percent interest

House one 3.5 percent interest

New house 3.5 percent interest 

I’m in the denver market so places are not cheap, but I would like to buy another property in the near future.

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