The property has two residential units on the second floor and first floor is a retail space.

I tried the Reia and it's basically a giant sales pitchThere are two long Island groups one is much better than the other. 

We've been using it for almost two months now. 

I did not start buying investments for another few years as I concentrated on building my sales funnel and getting those two years of tax returns done. 

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.

Warning: Where you get in trouble is in two things: 1.

I currently have 1 two-unit in Joliet. 

Just understand that there are two sides to these transactions.