The risks have increased.

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.

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

This feature is again free unlike other platforms that usually charge per user.

Simply put the risk of a non-renewal costs more.

Feel free to reach out!

Hey @Josh H. it's higher risk and def also higher reward.

Outside of real estate, I enjoy Working out, training my German shepherd, and traveling with my family.

Although I’m just getting started, luckily I've being able to invest in 2 mutli-family properties in New Jersey, it was a lot of work but I really enjoyed it.

The tenant already declined the lease break offer even with a free month thrown in.