Don’t think you have the money to buy a rental property? Maybe you’re just looking in the wrong place! Today, we’re talking about different ways to invest in real estate using your existing home equity. Whether you’re buying your second, third, or fourth property, this simple strategy could help you build your real estate portfolio much faster!
Welcome to another Rookie Reply! We’re back with three questions from the BiggerPockets Forums, the first of which is all about home equity lines of credit (HELOCs). What are they, and how do they work? Meanwhile, another investor is considering not just a HELOC but multiple options for tapping into their equity. Should they do a cash-out refinance? What about selling the property altogether? We cover the pros and cons of each strategy so YOU can make the right choice!
Finally, do you really need a property manager? What about when investing out of state? Stick around until the end, as we share our favorite software, systems, and resources for hands-on landlords—no matter the distance!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
Home equity lines of credit (HELOCs) explained (and how to use them)
Three ways to access the home equity in your investment property
How to “recycle” the same funds to buy multiple rental properties
Self-managing versus hiring property management when investing from afar
The one time you absolutely should hire a property manager for your rental
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-700
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