Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real listener questions, many about home equity, on today’s Seeing Greene!
If you’ve been investing for a while, you may have some paid-off properties. Should you get a cash-out refinance and live off the loans? That’s what one of today’s investors is asking, but Rob and David have different views on whether this is a good retirement plan. Did your property almost get destroyed by the city this week? Rob’s did! We’ll share the full story at the start of the show.
Next, an investor debates selling her performing rentals to scale into a bigger property. We also answer how to use a HELOC (home equity line of credit) to quickly grow your real estate portfolio. Why are contractors so hard to find? A veteran investor/contractor shares the reason why most contractors suddenly disappear. Finally, a listener has inherited multiple lots of land but wonders if he should build multifamily rentals on them. Can he use the lots as collateral to get the funds to start his investing journey? All that in this Seeing Greene!
David:
This is the BiggerPockets Podcast show 9 85. What’s going on everybody? Welcome to Seeing Green. I’m your host David Green, and if you are listening to this podcast, you are part of the growing and thriving BP community. This is the show where we get to connect with community members like you directly answering listener questions that everyone can learn from and I brought some help. Joining me today is the man, the myth, the legend. Rob Abso, how are you Rob
Rob:
Ajoy. I’m back in America. We’re in the same time zone once again and it is beautiful to not be doing this podcast at 11:00 PM
David:
That’s right, Rob does not have to be recording at midnight and we are…