Introduction

This chapter covers topics such as HELOCs, evergreen loans, exterior backyard upgrades, and investing with bad credit.

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Getting a home equity line of credit (HELOC) is one of the easiest ways to leverage your home equity and buy your first rental property. But what is the best way to use one? Are there any drawbacks? After today’s deep dive into HELOCs, you’ll have all the answers!

Welcome back to another Rookie Reply! In this episode, we’re not only looking at HELOCs but also comparing them to “evergreen loans” so that you can choose the right financing tool for you. Is bad credit preventing you from investing in real estate? You might have to get creative! Ashley and Tony offer several ways to invest while you’re fixing that credit score. Stick around until the end for the best value-adding home renovation projects that will help you raise rents!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

How to use a home equity line of credit to buy your first rental property

How to buy an investment property before fixing your credit

The BEST ways to invest in real estate with a small amount of cash

HELOCs vs. evergreen loans (and which one is right for YOU!)

Value-adding home renovation projects for your rental properties

And So Much More!

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