Do You Use the HELOC to Finance Construction?

The idea is that my entire W two will go into the HELOC. And then every month, when it comes time to pay water and utilities and pay off the credit card that I use for food, then I only pull out the expenses for that and the rest of the W two stays in theHeloc. So the idea is that the balance goes down consistently and frequently. It'll be little by little, but once I add the rents to it, then it's going down by 1500, 1800, $2,000 a month. The fixed rate 30-year mortgage would be like paying down 3.3% versus the seven percent HELOC.

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