AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Use Your Rentals to Buy More Rentals with a HELOC or HELOAN
May 14, 2024
Mortgage specialist Graham Parham discusses leveraging HELOCs and HE Loans for property investments. Topics include accessing equity, differences between HELOCs and HE Loans, tips for effective use, market insights, and leveraging HELOCs to purchase new properties.
24:40
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- HELOCs provide flexible financing options for rental property investors, with 30-year fixed-rate loans available for leveraging equity effectively.
- HELOCs require a minimum credit score of 680 and thorough financial scrutiny, offering competitive rates tied to prime for strategic property investment.
Deep dives
HELOC for Investment Properties
HELOCs present challenges for owners of rental properties due to banks' hesitance but a new product allows for HELOC on investment properties. This innovative approach offers a 30-year amortizing fixed rate loan that can be used as a second loan after putting 10% down on primary residences, ensuring a flexible financial tool for property investment.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode