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Updated over 6 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Michael McCarthy
  • Rental Property Investor
  • Oswego, NY
2
Votes |
9
Posts

Sweep strategy with HELOC?

Michael McCarthy
  • Rental Property Investor
  • Oswego, NY
Posted
I have two rentals that I bought in the last year, both purchased under a HELOC. I just refinanced one. After reading @davevanhorns email mentioned paying down mortgages with sweep accounts. I can't find much information about it in detail. Do I transfer my rent that I get each month onto my HELOC and then pay the bills from that. What is the best strategy here?

Most Popular Reply

User Stats

9
Posts
2
Votes
Michael McCarthy
  • Rental Property Investor
  • Oswego, NY
2
Votes |
9
Posts
Michael McCarthy
  • Rental Property Investor
  • Oswego, NY
Replied

@davevanhorn how awesome is this biggerpockets community, I have Dave Van Horn the note guru answering questions to help me out! Thank you!

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