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Updated over 10 years ago on . Most recent reply

User Stats

60
Posts
3
Votes
David Zachery
  • Louisville, KY
3
Votes |
60
Posts

You've acquired your 1st prop, then what??

David Zachery
  • Louisville, KY
Posted

I've been doing a ton of research in getting rental property. I believe it's the route I will take. Can you all answer a question though: say I have my 1st property (SFR purchased through a HELOC) and I'm profiting $200-$300/month. Then what? Do I start paying off the HELOC? Do I look for the next property? What are my options? Then when you have a few properties what are the best strategies to pay those homes off in the case of financing? Debt Snowball?

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