Should I pay down principal for long term gains?

[Levi Klein]

Im finishing up a flip and will have 150k after its sold. should i put this money toward my primary residence mortgage and eliminate 18yrs interest essentially doubling my money? i see this being similar to Brrrr. My wife will not let me sell and move so this is our "forever home" i would immediately up my HELOC to 230k from 80k to have these funds available within 60days for other investments. conventional financing methods are not available to me because of a foreclosure and my HELOC is cheaper than private money. This seems to make a lot of sense to me. I've pretty much made my mind up to do this but would love to see a better use of my dollars if any one has an idea. Any input would br great! thanks BP

[Bob Okenwa]

@Levi Klein

I like the sound of that strategy. Any time you can eliminate tens of thousands of dollars worth of interest, that in and of itself is like getting cash back. Then combine that with the extra equity and lower monthly payments on your primary residence. But, 150k cash is still cash and using cash is cheaper than financing so there's that to think about as well. I'm sure there are individuals here with much smarter opinions than my own, but maybe I'm biased towards anything that can help shave interest and eliminate debt.