
beyond MD with Dr. Yatin Chadha Ep #114: Building wealth through the equity in your home - with Matthew Lee and Ming Lim
Many of us have substantial equity in our homes. How can we use it to grow our wealth?
I'm joined by Matt Lee & Ming Lim from Volition properties to unpack HELOCs (home equity line of credit), the Smith Manoeuvre (routine and supercharged), & reverse mortgages.
The episode kicks off by discussing life goals & our why, which is critical to nail down before embarking on any wealth strategy.
This episode is brought to you by Clever Consult: https://www.cleverconsult.ai/
Discussion points:
Goal setting & our Belize (3:03)
My goals (13:50)
Risks & mitigation in real estate investing (15:55)
HELOCs (24:45)
The Smith Manoeuvre (29:05)
The supercharged Smith Manoeuvre (33:45)
Why the Smith Manoeuvre is not for everyone (39:25)
Reverse mortgages (46:19)
Trends in Toronto multifamily investing (54:54)
Volition Properties:
matthew@volitionprop.com
ming@volitionprop.com
Yatin's Links:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca
Radiology courses for clinicians:
https://beyondradiology.thinkific.com/courses/ct-head-interpretation-course
https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course
