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Personal Finance
HomeForumsPersonal FinancePay off HELOC or stock pile cash
Jeff Lease's profile image
Jeff Lease's profile image
Jeff Lease
  • Investor
  • from Findlay, Ohio
  • Member since Mar 30, 2016
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Jeff Lease's profile image
Jeff Lease's profile image
Jeff Lease
  • Investor
  • from Findlay, Ohio
  • Member since Mar 30, 2016
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Jeff Lease
  • Investor
  • Findlay, OH
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Personal Finance

Pay off HELOC or stock pile cash

Jeff Lease
  • Investor
  • Findlay, OH
Posted Apr 26 2016, 18:28

I am closing on my first deal this Friday and a second deal in another month. Both are single family residential homes that do not have tenants in place. I am putting 20% down on each from equity on personal home. Should I pay off the HELOC as fast as possible or stock pile cash? I don't like debt, but I also don't want to pay the HELOC off. I want my tenants to pay off the HELOC. Any advice?

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