@Faith Wicks Congrats on getting the HELOC. How best to use it will depend on your goals, you need for cash flow, your risk tolerance, your overall current financial situation, and your personal strengths and interests.
All I can say at this point is keep learning here and the path forward will start to become more clear.
Hello @Faith Wicks the answer "depends" on yourself personally etc as Ned mentioned. I good place to have this conversation is with other experienced investors who have been where you have been. and the best places to talk with other people in this setting is at the following:
#1 Next Tuesday we are having a meet up in Memphis.
#2 Every Wednesday morning I am at coffee and would be happy to discuss with you what I have done and am currently doing with my $50k in savings.
#3 The local REIA
Best of luck on your journey!
Hi @Faith Wicks Do you mind sharing which bank or credit union you used for your HELOC?
Navy Federal is giving away credit like candy. Already at $70k on the personal side. Looking to open a business account this week. Best bank ever.