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Updated about 7 years ago on . Most recent reply
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What Heloc payment should I choose?
So I am maxing out a HELOC on my primary residence to purchase my second investment property, an 8 unit.
Here's my question: Should I take the interest only payments at %5? Or roughly double my monthly payment by making it principal and interest amortized over 15 years?
Here's my situation. I plan to sell my primary residence in about 5 years. I also plan to purchase more investment properties within the next 5 years.
Thanks
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Greg Parker
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- Montgomery AL and Dauphin Island, AL
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Interest only for maximum cash flow. Just be thrifty with the cash.
- Greg Parker
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