How to Get a Home Equity Line of Credit

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If you were to tap into the equity on your current home, likely the way that you would do that. You could get a home equity line of credit or you could do a cash out refi. I don't have any major objection to the idea of getting that HELOC and combining that with some cash from savings in order to come up with a down payment That would get you into that second home.

#455: Yvette recently retired with the goal of reaching a $10,000 monthly income from her real estate investments. Should she put her money toward debt payoff or portfolio expansion?

Carly wants to buy a second home and convert her current home to a rental. What are the pros and cons of tapping into existing equity versus saving cash for a down payment?

An anonymous caller plans to move back to her touristy hometown in six to seven years. Is it smart to buy something now and take advantage of a thriving Airbnb market?

I tackle these three questions in today’s episode.

Enjoy!

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