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Kwok Wong
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How to pay off HELOC used on investment property

Kwok Wong
Posted Jul 11 2022, 14:27

Hello everyone, I am getting a HELOC for my first investment property. I want to hold on the property and make it short term rental, no intention of selling it in probably at least 10 years. However, after all the expenses, it's enough to cover the interest of the HELOC but not principle. Is there a strategy to pay off the home equity loan? Please advise.

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