2min chapter

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300: Finance Friday: How to Avoid the “Middle Class Trap” When Building Wealth

BiggerPockets Money Podcast

CHAPTER

Home Equity Line of Credit

I tend to shy lay from debt, but the idea would be, could open that up. I have one, and i currently owe zero dollars on it. You don't have to use it. If you do use it, think of it as a short term debt,. like your, i mean, a credit card debt, but closei think about it as k im to pay it back within a year or two, a i'm not going to borrow this for a long time. It's a better source of hard money, for example, than a hard money loan. Let's say you start looking at houses. You find one in indianapolis, and it is a cash only

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