All in One HELOC (Advantages)

[Nathan Frost]

Hi, I am about to close on an AIO HELOC. Anyone have one and let me know the way to ultimately take advantage of it? Would it be smart to put all my rents and paycheck into the AIO to pay down the loan as fast as possible?

Currently, I have my personal bank and LLC bank (rentals). However, it seems smart to put all my rents and paycheck in there so the balance goes down and I pay less interest. Than the mortgages and bills can be pulled from the AIO as need be. Any advice or tips on how to take advantage of the AIO?

[Harrison George]

Hi @Nathan Frost that is amazing you are doing the ALL IN ONE! I have this product on my house as well (I would presume you are doing this with someone here at CMG) 

There are so many creative ways we have seen people use this product. Depending on your goals it can be partnered with some really unique cashflow investments in-between other larger investments (such as investment property purchases). Some easy line of thinking with this loan is to make sure your money stays in it as long as possible until you pay off your required bills.

I have mine personally pay my other mortgages as late as I possibly can. I want my income to stay in the loan for the longest period of time. 

Same concept when it comes to paying credit cards off. I like to hold onto paying it off until a few days prior to the due date so that my money sits in the account for the longest period of time.