How to Unlock Your Equity
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This episode is part of our “Jumpstart Your Portfolio” series for both experienced investors and newcomers who’d like to use the equity they already have to buy investment property. That could be from rental properties you already own or even your own home. You could do a cash-out refi to get your hands on that equity, but if you have one of those super low mortgage rates, you might not want to give that up. So what’s the best way to put your equity to work?
In this episode, you’ll hear from mortgage lender and real estate investor Richard Advani who has more than 16 years in the mortgage industry. He’s a lender at GuaranteedRate.com and specializes in helping investors. For many, that means finding a way to access equity and knowing which instrument is most cost effective. That might include home equity lines of credit, or HELOCs, the 1031 exchange, or even a cash-out refi, if that makes sense.
Richard has plenty of personal experience as an investor. He’s accumulated almost 20 rental properties in markets across the country. And when he’s not busy with real estate, he brings his enthusiasm to the race track as a professional race car driver with the Formula Drift organization.
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The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com