Is This a Real Estate Investment?

The property needs to be put in cash in your pocket on a standalone basis as a true rental if you're not living in there, right? And here's how you analyze that. You have to analyze it harshly here your mortgage is 1400, right? Your HELOC is producing $10,000 that's called $800 a month in interest,. If you believe what I said, you got to pay a little over $2,000 a month in principal reduction on the HELOC because it's short term financing. That's that's how you should treat the HELOC. This property is a standalone investment at the end state unless rents collapse in your area, which is probably unlikely.

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app