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Real Estate Deal Analysis & Advice

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Gary Burnham Jr.
  • Real Estate Investor
  • South Windsor, CT
6
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12
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HELOC mortgage payoff

Gary Burnham Jr.
  • Real Estate Investor
  • South Windsor, CT
Posted Jan 23 2016, 13:14

I would like some feedback on a strategy to payoff my mortgages and free up the cash.  

Mortgage #1 pay off using personal cash

Get a ELOC on prop#1 to pay off mortgage #2 and then get an ELOC on prop#2 to pay off #3 with all the properties being the same value the ELOC would completely pay off the note.  Thoughts?

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