Should i pay down my HELOC with the cash flow?

[Brian Kreitz]

I just closed on my first deal on Friday! I bought a piece of land and then immediately sold it on contract for deed. Im all in for about $6,000 which I used my HELOC for. I have another deal in the works that would put me in debt a total of $23,000 between the two deals all of which will be on a HELOC. Should i use the monthly cash flow between the two properties of around $750 to reduce the HELOC balance or should I bank the cash flow and wait until my renters actual buy the property and use that profit to pay off the HELOC?