What are Home Equity Contracts and How Do They Work? with Matthew Sullivan - Episode 192
The Practical Wealth Show · Curtis May, Matthew Sullivan
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Show Notes
What does it mean to be House Rich and Cash Poor?
Curtis invites Matthew Sullivan to discuss a unique and new concept when it comes to homeowners getting cash from their real estate properties with no interest and monthly payments. Matthew provides more information about Home Equity Contracts, how it works, and what the processes are. He also differentiates Home Equity Contracts from Mortgages and why more homeowners should take advantage of this. Additionally, Mathew mentions that it does not only allow a cash flow to the property owners, it also allows investors to buy and sell through their website.
Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
Links and Resources from this Episode
- www.practicalwealthadvisors.com
- Email Curtis for a free report - [email protected]
- Call his office - 610-622-3121
- Connect with Matthew Sullivan
- https://www.quantmre.com/
- The WEInvested Podcast
Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed
Show Notes
- Who is Matthew Sullivan? - 0:14
- What does it mean to be House Rich but Money Poor? - 2:08
- Equity in the balance sheet perspective. - 4:28
- How does it work? - 5:04
- What happens when real estate depreciates? - 8:04
- Reason why this agreement is not popular and not everyone has heard of it. - 9:11
- Differences between home equity products and mortgages. - 10:43
- How do they protect themselves against reverse mortgages and the risks? - 15:27
- Customer profiles who use their services. - 19:20
- How fast is the process? - 21:46
- Is there a variation between the rate of return of the appreciation that they're looking for to create their ROI as a company? - 25:51
- The biggest questions they're getting. - 28:36
- Is it the next biggest real estate asset class on equity contracts? - 36:18
- Investing is a plan, not a product or a procedure. - 42:26
- Best way to contact Matthew Sullivan. - 43:06
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