In this episode, we dive deep into a powerful wealth-building strategy with real estate investor and military veteran, Charlie Hardage. Charlie shares his insights on using Home Equity Lines of Credit (HELOCs) to accelerate your real estate investments. Learn how to leverage HELOCs, even if you have a W-2 job, and discover the game-changing benefits of this strategy.
Key Takeaways:
- HELOCs: A Game-Changing Tool for Real Estate: Charlie explains how HELOCs can be a powerful tool for real estate investors, allowing them to tap into their home equity to fund new investments, all while minimizing closing costs and interest payments. He shares his own experiences using HELOCs to invest in various real estate opportunities, from apartments to self-storage.
- The Importance of Tracking Net Worth: Tracking your net worth is a critical step towards financial success. Charlie emphasizes the significance of monitoring your net worth regularly, as it provides an accurate measure of your financial progress. Setting ambitious goals and celebrating your achievements along the way can keep you motivated and focused on building wealth.
- Giving Back: Apart from his real estate journey, Charlie and his wife are passionate about giving back to the community. They have plans to establish charities to combat food waste and support local communities with healthy food options. Additionally, Charlie's military background fuels his desire to create a sense of community for veterans, especially those dealing with PTSD, to ensure they never feel alone.
Charlie Hardage | Real Estate Background
- H&K Investment Group LLC
- Portfolio:
- 1,050+ units across six properties
- Based in: Nashville, TN
- Say hi to him at:
- Best Ever Book: The Gap and The Gain by Dan Sullivan
- Greatest Lesson: You need to think like the wealthy if you want to be wealthy.
Sponsors
BV Captial
BAM Capital
Rentec Direct
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