In this video I go over the Home Equity Line of Credit, AKA the HELOC, and how you can use a HELOC to build Wealth! I go over how I was able to pull a HELOC on a rental property of mine to purchase a cash flowing Duplex! The most important part is understanding what you should, and what you shouldn't, be using your Home equity line of credit to purchase! You want to purchase something that will give you a return on your investment and that can pay back the HELOC and interest charged.
HELOC Explained 2024 | How To Build Wealth With Home Equity

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Time Stamps//
00:00 Introduction
00:47 What is a HELOC?
02:42 Pro's and Con's of a HELOC
05:21 How to use a HELOC to build massive wealth
06:26 How I purchased a Cash flowing Duplex with a HELOC
07:56 Conclusion