Should I pay off my HELOC and 0% credit card or reinvest

[Brian Lagman]

Hello everyone! I pulled out a HELOC amount of $55k from one of my investment properties to fund the downpayment for another investment BRRR property. I opened up a 0% apr credit card until November 2024 to fund my upgrades and furnishing of about $18k. My new investment property (MTR) generates about $900 cash flow. After the seasoning period ends, I can potentially get $20k (conservative) from my cash-out refi. I have a total debt of $73K with a $20k potential upside with my cash-out refi. 

I live in Northern California with a high-income W2 salary, and I can pay down roughly $1k a month towards my debt.

I have access to about $60k of funds (401k loan and private money loan), and I would like to invest it into another property before the 2023 year ends. 

Im in a bit of a dilemma should I pay my debt down first, or should I continue reinvesting? I worry that once the interest rate drops, the market will go up, and completion will be harder. 

I appreciate any help. Thank you so much. 

[Oliver Bernardo]

Hey @Brian Lagman If you can pay off your 0% APR credit card before the period ends, it's beneficial. Pay your HELOC steadily, but no rush if there are good investments. If a new property offers a return higher than your debt interest, consider investing.