HELOC on a cash flowing rental property

1 Reply

Hello,
I'm curious if anyone has ever taken out a HELOC on a cash flowing rental property in order to pay down the mortgage more quickly? In the end, it cash flows so, by definition, the mortgage is covered by the income. That being said, finding ways to pay down equity faster is always of interest. Any personal experiences or higher level thoughts on HELOCs would be appreciated. Thanks!
Best, Miranda