Newbie on a 1st lien HELOC

[Roberto Palma]

Hi BP Nation

My name is Angie from Salem Oregon. 

we currently own a duplex (househacking)and we need some help or ideas.

we refinanced our duplex about 18 mos. ago From an FHA 3.25% to a 30 yrs 1st lien HELOC (6.25%) with a 10yr draw period. Because we like the idea to own it free and clear in about 4 years.

Currently we owe 150k with a value of around 450k and 180k available credit.

Our questions are. 

*Should we refinance into a conventional loan and apply for a 2nd lien HELOC?

*Use HELOC to put a down payment for the next owner occupied investment, then use the extra income from duplex to pay down HELOC. then repeat the process again.

*Or Stay on 1st. Lien pay as much as we can, so in a year or two can use HELOC and get into the foreclosure wave?

*Also any recommendations on Real estate agents and CPAs. In our area?

All comments or ideas are greatly appreciated. 

thank you.