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Updated almost 6 years ago on . Most recent reply

Tessa Malmgren's profile image
Tessa Malmgren's profile image
Tessa Malmgren
  • from Denver, CO
  • Member since Jul 16, 2018
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Tessa Malmgren's profile image
Tessa Malmgren's profile image
Tessa Malmgren
  • from Denver, CO
  • Member since Jul 16, 2018
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Tessa Malmgren
  • Denver, CO
6
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21
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Creative Real Estate Financing

How to Best Invest $250k

Tessa Malmgren
  • Denver, CO
Posted

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

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Eric Schultz's profile image
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Eric Schultz
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  • from San Diego, CA
  • Member since Apr 27, 2016
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Eric Schultz
  • Investor
  • from San Diego, CA
  • Member since Apr 27, 2016
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Eric Schultz
  • Investor
  • San Diego, CA
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Eric Schultz
  • Investor
  • San Diego, CA
Replied

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.

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