Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

7
Posts
1
Votes
Enkhmanlai Enkhbaatar
1
Votes |
7
Posts

Pay down mortgage first by geting home line of credt

Posted

Hey guys i got my first rental property last year on fha loan. Haven’t rent it for year now because of fha loan requirements. Now October is coming so i can rent it. My plan was to get home line of credit pay chunk payment in home line of credit and pay my mortgage faster. My second my plan was get the home line if credit and try to get second property but i will be leverage my self in the weird situation we are having. So im bit confused which plan i should take.

Loading replies...