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Updated about 9 years ago on . Most recent reply

Gary Burnham Jr.'s profile image
Gary Burnham Jr.'s profile image
Gary Burnham Jr.
  • Real Estate Investor
  • from South Windsor, CT
  • Member since Nov 5, 2012
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12
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6
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Gary Burnham Jr.'s profile image
Gary Burnham Jr.'s profile image
Gary Burnham Jr.
  • Real Estate Investor
  • from South Windsor, CT
  • Member since Nov 5, 2012
Connect
Gary Burnham Jr.
  • Real Estate Investor
  • South Windsor, CT
6
Votes |
12
Posts
Real Estate Deal Analysis & Advice

HELOC mortgage payoff

Gary Burnham Jr.
  • Real Estate Investor
  • South Windsor, CT
Posted

I would like some feedback on a strategy to payoff my mortgages and free up the cash.  

Mortgage #1 pay off using personal cash

Get a ELOC on prop#1 to pay off mortgage #2 and then get an ELOC on prop#2 to pay off #3 with all the properties being the same value the ELOC would completely pay off the note.  Thoughts?

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