Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 05/30/2020

User Stats

15
Posts
5
Votes
Nathan Frey
  • New to Real Estate
  • Atlanta, GA
5
Votes |
15
Posts

HELOC / Paycheck Parking vs. Using $ to Invest

Nathan Frey
  • New to Real Estate
  • Atlanta, GA
Posted

I live in Atlanta and have around $50-100k to begin investing in real estate - something I'd like to do within the next 6-12 months. I own a single family home with my wife with ~$250k left on the mortgage. I've read and listened to some podcasts about the idea of paycheck parking via taking out a HELOC in order to save on lifetime interest payments and own a home outright 4-5x faster.

I love the idea of financial freedom and not having a mortgage payment sooner rather than later, but at the same time wonder if the additional $ paid down via paycheck parking could be utilized in a more fruitful way.  We both work, are able to save, and have a healthy emergency fund, 401(k), ROTH, and individual investment account separate from the $50-100k I'm talking about investing in real estate.

I appreciate any and all feedback and would enjoy discussing with someone willing.  I'd also enjoy networking with anyone with real estate investing goals in the Atlanta or Southeastern region.


Loading replies...