How to Use Home Equity to Invest in Real Estate NOW
Find Cash-Flowing Properties TODAY with RentToRetirement:
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Got home equity? Great, because today we’re showing you how to use home equity to invest in real estate, even if you’re low on cash. But maybe you’re still saving up to buy your first property. Well, we’ve got you covered; we’re also sharing the TOP ways to use your retirement accounts—your Roth IRA or 401(k)—to invest faster than ever before and even lock down your first property in 2024!
Joining the show is Kyle Mast, fellow real estate investor and CFP, to talk about all the ways you can invest in real estate that you didn’t even know about. And if you’re like many Americans, you’ve got home equity just sitting there, waiting to be used, so today, we’re walking through how to unlock it so you can build wealth faster, retire earlier, or renovate that rental you just bought!
Kyle goes over the multiple ways to finance these investments using a home equity line of credit (HELOC) or retirement accounts like Roth IRAs and 401(k)s, the special program new homebuyers can use to get their first house faster, and why you DON’T want to cash-out refinance your property just yet. Ready to start? Let’s get into it!
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Hear Kyle On the “BiggerPockets Money” Podcast:
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Connect with Kyle:
BiggerPockets: https://www.biggerpockets.com/users/whoiskylemast?utm_source=youtube&utm_medium=description&utm_campaign=none
Twitter: @whoiskylemast or https://twitter.com/whoiskylemast/
Website: https://kylemast.com
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Connect with David and Rob on BiggerPockets:
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Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
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YouTube: https://www.youtube.com/c/Robuilt
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Show notes at: https://link.chtbl.com/BPRE
00:00 Intro
02:21 Home Equity and Cash-Out Refinances Explained
05:06 Americans Have $30T in Equity!
06:13 HELOCs Explained
10:09 How to Get a HELOC
15:28 1. Upgrade Your Rentals
20:44 2. Become a Lender
22:22 Investing With a 401(k)
30:05 Investing With an IRA
36:20 Take Advantage of This NOW
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