With those proceeds ($75k after fees, no capital gains for residency) I have:- Paid off $25k in credit cards, now my only "revolving debt" are balances I'm paying each month.We- Installed a radon system for our new home (~$6k; historic property, have a toddler and don't want to risk anything for his health, you folks with kids know what I mean)- down payment (25%) and finance fees totaling $38k for a triplex that will net $1000 a month, not accounting for anything other than PITI.

Or even something more personal, if you know they like a certain place get them a gift card there, something like that.

The advantage with the Heloc is you have it sitting there and only pay interest if/when you use it (like a credit card).

You can attach it to your debit card or bank account/routing number.

They just "could" so if the person closed card afterwards we'd be out of luck which we were.

But good fiscal planning is to get rid of debt that isn't producing income (student loans, auto loans, credit card debt, etc) There is always a deal on a house out there and if the situation is correct you can even build your dream home sometimes cheaper than buying, based on where you chose to live.

Occupancy: owner occupied, personal residenceValue of property at present and/or your offer price: $300,000 offer priceAfter repair value: $475,000 - $525,000 (conservative comps in area)Anticipated or actual appraisal issues: None, but not really sure what this is askingDown payment or equity: $75,000 cash to cover down payment and closing costsSource of down payment funds, if applicable: own funds and 401k loanIncome Source: salaried, 15 years in federal career Gross monthly income (optional): $10,000 +/-Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $1,300 monthly rent, pay off credit cards each month, no other debtFICO: Excellent, 800+Credit issues: NoneAdditional details: The home is need of approximately $100,000 in repairs.

I pay credit cards balances weekly to keep utilization as low as possible.

Credit score mid 700, above 740.Current DTI is around 43%, credit cards utilized paid off in full monthly and I carry a LOC which I was planning to pay out but have access to when this deal popped onto my radar.

2.5k gift card to Nebraska Furniture Mart?