Should Travis Prioritize Repaying the HELOC?

Travis from Michigan explains his situation of using a HELOC as the down payment for a duplex and asks whether he should focus on repaying the HELOC or wait. The hosts discuss the situation and offer advice on whether Travis should prioritize paying off the HELOC.

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Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back? Looking to invest in a high property tax state like Texas but are scared to swallow that big expense? All of these topics, and many more, are coming up on this episode of Seeing Greene!

David is back to answer YOUR real estate investing questions with his partner in crime, Rob Abasolo. Today, these two investing experts are going to tackle topics like whether or not to buy a house hack that DOESN’T pay for itself, how to account for the HIGH property taxes in hot real estate markets, whether to keep a property you love or sell it for its huge home equity, how to NEVER work again and the fifteen vs. thirty-year mortgage debate, plus when you should NOT pay off your HELOC (home equity line of credit) early.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

The problem with house hacking in 2024 and whether or not it’s still worth it

When you SHOULDN’T pay off your HELOC (home equity line of credit) early

Whether to keep, sell, or 1031-exchange a stable rental property you love

The bright side of paying high property taxes for your rentals

How to NEVER WORK AGAIN in fifteen years by following this one strategy

And So Much More!

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