Should I Use My Home Equity to Buy My Next Rental Property? (Rookie Reply)
Show Notes
Should you use your home equity to buy a rental property? Whether it’s your primary residence or another investment property, this strategy could help you scale faster. But between a cash-out refinance, a home equity line of credit (HELOC), or a different method entirely, what’s the best way to tap into your funds?
Welcome to another Rookie Reply! Today, Ashley and Tony are answering more questions from the BiggerPockets Forums, the first of which comes from someone who’s looking to redeploy the home equity they’ve built up in one of their properties. Tune in as we share several creative ways to take down your next deal and grow your real estate portfolio!
Another investor is struggling to estimate rents when analyzing rental properties. We share several tools every rookie can use, as well as the method Ashley uses to calculate rents by hand. Finally, if you own short-term rentals, a cleaner might be the most important hire you ever make. Stick around as Tony shares the process he uses to find, vet, and onboard one!
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In This Episode We Cover
How to buy a rental property (faster) by “recycling” your money
The best ways to tap into your home equity and reinvest in real estate
How to (accurately) estimate rents for any investment property
Why you always need a “pivot” for any real estate investment
Finding, vetting, and hiring cleaners for your short-term rentals
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-682
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