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All Forum Posts by: Adam Parker

Adam Parker has started 6 posts and replied 22 times.

Post: Financial advice/discussion in Colorado

Adam ParkerPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 24
  • Votes 11

Thanks for the response Thomas. Is it crazy to think of putting that money in the market or holding on to it for 12 months and saving up for the next down payment ? Granted 12k is not going to get anything in denver but just where my head is thinking. 

Post: Financial advice/discussion in Colorado

Adam ParkerPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 24
  • Votes 11

Hi all ! New investor here. I recently took out a HELOC on my first house (had about 50% equity in it) to buy a second property that is multi family and renting out well. My question is with my extra 1000 a month from the new place (money after mortgage) should I pay extra towards HELOC, pocket the funds for repairs and vacancies, or any other ideas

HELOC 3.99 percent interest

House one 3.5 percent interest

New house 3.5 percent interest 

I’m in the denver market so places are not cheap, but I would like to buy another property in the near future.