Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties.
We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio.
Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works.
h
ttps://rentalincomepodcast.com/episode492Thanks To Our Sponsors:Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan:
http://incogni.com/rentalincome Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.
Rental Income Podcast With Dan Lane