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Updated about 4 years ago,
Paying off mortgage, them getting a HELOC
I'm considering paying off our primary residence mortgage in full and then getting a first position HELOC to use for short term money (for new BRRRRs). I'm my head it seems like a killer strategy. What am I missing?
We already have 5 doors (30% LTV across the portfolio) and healthy cash reserves. Partner has a good w2, and we are already lean-FIRE.