Financial advice/discussion in Colorado

[Adam Parker]

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.