About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow.
David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to turn your home into a rental property and investing in expensive areas
When you should (and definitely shouldn’t) use a HELOC to fund your rental property purchase
The super passive short-term rental “reverse” arbitrage model most landlords don’t know about
Scaling your real estate portfolio even when you’re out of capital
Inherited properties and how to make hands-off cash flow
The smartest ways to fund rental property repairs and renovations
And So Much More!
Links from the Show
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Ask David Your Real Estate Investing Question
Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap (Ep 825)
How to Use a HELOC to Buy Real Estate
Book Mentioned in the Show:
Pillars of Wealth by David Greene
Connect with Tim:
Tim's BiggerPockets Profile
Tim's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-834
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BiggerPockets Real Estate Podcast