Should I payoff my HELOC that has an adjustable rate?

[Nicholas Arcidiacono]

Hey BP community.

Here's my situation, 2 years ago I got a HELOC on my home to fund my 1st rental property. All went good, I got the property and it's been cash flowing since. The problem I'm facing is that the HELOC at the time had an introductory rate of 1.9% for the 1st year... there after its adjustable. The latest payment on the HELOC was just over really high and I fear it will continue to eat into my profits. So my question is, should I pay that HELOC balance off now? I have the funds however I was planning to use those funds for my next investment property. Any input/thoughts would be appreciated. Thanks.

Nick