I have used a first lein position HELOC and it was a game changer. We kept every penny we had on that loan at all times. Our checking account was always zero balance. This minimized the interest we were paying and helped pay off our home in half the time of a conventional loan. I think this would work for a short-term rental property.

Tell her to buy a 4 plex. And move into it.

Epic real estate investor education!! 🙏👏🏿💪🏾🙌🏾❤️🇺🇸

Good stuff!!! Anyone know who does the HELOC? Any commercial Heloc banks or residential bank suggestions?

🤯 That was a lot of great info, super fast!!

TL;DW: In episode 892 of the BiggerPockets Real Estate Podcast, host David Green addresses various real estate investment questions from the BiggerPockets community. The episode features a "Seeing Green" format where David provides advice and strategies to help investors build long-term wealth through real estate. 1. HELOCs vs. Hard Money Loans (Justin, Virginia Beach): Justin, a real estate agent, seeks advice on whether to use a Home Equity Line of Credit (HELOC) or a hard money loan to fund a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) or flip project. David suggests leveraging a HELOC on Justin's property due to its lower interest rates and flexibility, allowing him to use the cash saved up as a down payment for his next investment. 2. Retirement Planning with Real Estate (Shelly, Jackson Hole, Wyoming): Shelly, a divorcee with $1.5 million in retirement assets, seeks advice on investing in real estate for steady returns. David recommends considering a conservative approach due to her age and health condition, suggesting she invest in short-term rentals in tourist destinations with lower risk and steady income potential. 3. Negotiating with Lenders (Tyler, Williams Lake, British Columbia): Tyler, a healthcare professional with several small multifamily properties and an apartment complex, wants to negotiate better terms on his commercial construction loan with his credit union. David advises Tyler to explore other lenders, possibly through a mortgage broker, to compare terms and leverage competition for better rates. He also suggests considering cross-collateralization or using a HELOC on other properties to access funds. 4. Maximizing Equity in Primary Residence (Alex, Seattle, Washington): Alex and his wife, starting as real estate investors, have low returns on equity in their primary residence-turned-rental property. David suggests selling the property, taking advantage of tax benefits, and reallocating the equity into better-performing investments, such as short-term rentals or multifamily properties with higher cash flow potential. Throughout the episode, David emphasizes the importance of evaluating investment options based on their ability to generate income and suggests strategies like leveraging HELOCs, exploring different lenders, and prioritizing cash flow over equity appreciation. He also highlights the significance of market research, proper financing, and strategic planning in real estate investment decisions.

I would like a HELOC with no floating interest rate.

My plan is to retire by 50🙏🏾... I'm 40😃 AWESOME vid😎

Great video! Short of only a couple reasons... I do not know why you would want to sell any cash flowing rental property when you could just cash out refi it. The only two reason I can think of selling making sense is: If you lived in the property and wont have to pay any tax on the profit, Or the property is a headache for you. When you cash out refi, you can usually pull 75% of your equity out and pay no tax ( you do have closing cost). If you sell that same property, you are going to have to pay that same 25% in tax (unless you 1031) and then you have closing cost, agent fees and depreciation recapture.

David, you're a flipping genius, sir 👏🏾 🎉🎉🎉

I think Shelly should buy a commercial property building with at least 15th doors and rent it out. Because the rent will be triple the amount, then a smaller property. And rents and repeats to make her retirement even greater. 🎉🎉🎉

You’re the smartest investor I’ve come across 👌

Do you think 3d printing home and new AGI technologies will crash the real estate market?

Never forget about the USDA loan. If the property qualifies as rural it’s a low interest O down loan.

How can I get my question answered on this podcast ?

Why not use Justin’s HELOC to use as downpayment on a Fannie Mae Homestyle Loan for the BRRRR?🤔

Incorrect. The "biggest expense in life" is not Housing. The biggest expense Americans face on a monthly basis TAXES.

As a former police officer (thanks for your service) what's your take on building relationships with police to identify problem houses or multifamilies to begin the slow work of upgrading the class of neighborhood (D to C, or C to B)? I see the obvious pitfalls of buying money pits or increasing renting standards too high for the market to accept. But are there other risks I am not seeing? When is it wise to even consider that level of ambition? Thanks in advance.

Would Navy Credit union have best mortgage rate ?

3rd I guess 🤷‍♂

Shelly was a poor choice of realistic investors BP! I will never Condon taking from people to advance your real-estate portfolio through a divorce.

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