If you have rental income, have that applied to the HELOC account as well, dividends, SS, VAdisability, whatever...then instead of putting the money into a bank and getting a very small if any interest on that, you have it taking your average daily balance down on your revolving HELOC....and if your diligent with your monthly bills, the ones besides your mortgage, you can have them deducted once a month...preferably over longer periods of time...utilize grace periods for credit cards and pay them off before they incur any interest charges....if your diligent and utilize this strategy wisely, you can indeed payoff your mortgage much quicker....I am looking at finding a HELOC to replace my 30 year mortgage here in the near future...and the APR on my mortgage is 3.25%.

So percentage wise Jacksonville has seen a crazy amount of new supply being delivered which has affected rents.We also manage a portfolio of new construction homes in Palm Coast and Palm Bay and rents for those homes have dropped $25-75 depending upon floorplan and submarket and they’re taking longer to lease up compared to 2 years ago.A lot of Florida is having similar issues of stagnating or dropping rent, but it definitely depends on market, submarket, asset type, etc. 

Chosen right, some of those South side neighborhoods may become hot, and give you large amounts (percentage-wise) of appreciation.

Love to hear about how you've been patient and wise.

@Megan Mason recommend you watch some of the videos from @James Wise youtube channel on S8 evictions.We've been dealing with S8 tenants for over 20 years and they are NOT a cure-all for rent collection challenges.Since rents in Class A & B areas exceed S8 limits, most of your S8 rentals are going to be in Class C/D areas. 

And with that, the investors have to hold themselves accountable for whom they selected, ever wisely or foolishly, to invest there $ behind. 

What are you holding the properties with, capital-wise?

Quote from @Stefano Grottoli: Quote from @James Wise: Quote from @Stefano Grottoli: Hi!

Today, acquisition wise, best opportunity is in SFH, specifically below median.

When I first started, I learned that diversifying a little—maybe starting with one cash purchase for rental and layering in a financed property or two—can balance risk and cash flow.It’s also wise to consider market trends in areas where you’re looking to invest.