How to Best Invest $250k

[Tessa Malmgren]

Hey all,

My husband and I started investing in Sept 2018, I manage 2 single family rentals and we just started AirBnBing our spare guest suite in our personal home. We have an opportunity for a $250k HELOC due to the equity we have in our personal. Any advice, on how to use this money to the best of our advantage? What advice do you have for those just starting to build their portfolio?

Thanks in advance!

-Tess

[Eric Schultz]

Tessa Malmgren

Since HELOCs are variable rate (prime rate + X%), they are best used in shorter term deals.

Either way, go lock up that HELOC! It can serve as an emergency fund and allow you to be more aggressive with your other cash savings and assets.