985: Seeing Greene: How to Use Home Equity to Retire, Buy Rentals, or House Hack

Should you use a HELOC to buy investment property? Would we use home equity to retire? When is it time to sell a performing property and exchange it for a more expensive one? If you’ve got home equity, this episode could help you reach financial freedom faster as we answer real listener questions, many about home equity, on today’s Seeing Greene!

If you’ve been investing for a while, you may have some paid-off properties. Should you get a cash-out refinance and live off the loans? That’s what one of today’s investors is asking, but Rob and David have different views on whether this is a good retirement plan. Did your property almost get destroyed by the city this week? Rob’s did! We’ll share the full story at the start of the show.

Next, an investor debates selling her performing rentals to scale into a bigger property. We also answer how to use a HELOC (home equity line of credit) to quickly grow your real estate portfolio. Why are contractors so hard to find? A veteran investor/contractor shares the reason why most contractors suddenly disappear. Finally, a listener has inherited multiple lots of land but wonders if he should build multifamily rentals on them. Can he use the lots as collateral to get the funds to start his investing journey? All that in this Seeing Greene! 

In This Episode We Cover

How to retire using home equity and cash-out refinances (and whether you should!)

Why Rob was close to having his newly-renovated home destroyed by the city 

When to sell a performing rental property and trade up into a better area 

Using a HELOC (home equity line of credit) to invest in real estate 

Why good contractors are so hard to find and often vanish from investors’ lives 

How to leverage land to fund build-to-rent investment properties 

And So Much More!

Links from the Show

Ask Your Question and Network with Investors on the BiggerPockets Forums

Join BiggerPockets for FREE

Property Manager Finder

Ask David Your Real Estate Investing Question

See David and Rob at BPCON2024 in Cancun!

Real Estate Podcast 978 – How to Build Your Real Estate Investing Team (Agents, Contractors, Lenders)

Real Estate Podcast 972 – 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

Grab David’s Latest Book, “Pillars of Wealth”

(00:00) Intro

(01:06) The City is Destroying My Property!

(06:12) How to Retire with Home Equity

(13:00) Sell Rentals for House Hack?

(18:45) How to Use a HELOC to Invest

(26:04) Comment Section Callout 

(28:47) Contractor’s Advice for Investors 

(35:46) Build Multifamily on Inherited Lots?

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-985

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