Paying off mortgage, them getting a HELOC

[Ayne C.]

I'm considering paying off our primary residence mortgage in full and then getting a first position HELOC to use for short term money (for new BRRRRs). I'm my head it seems like a killer strategy. What am I missing?

We already have 5 doors (30% LTV across the portfolio) and healthy cash reserves. Partner has a good w2, and we are already lean-FIRE.

[Seth M. Jones]

Ayne, in my opinion, if someone has the ability to pay off their primary mortgage in order to get a HELOC to accelerate their investing strategy, they should do it. Few people are able to aggressively pay down their mortgage without a substantial opportunity cost (passing by other investments while you use cash to pay down primary mortgage debt).