Episode #834

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow.

David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Grab David’s New Book, “Pillars of Wealth”:
https://get.biggerpockets.com/5fbfac0b-e728-4076-a4e7-523387e33104-523395/
~~~~
Ask David Your Real Estate Investing Question:
https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap (Ep 825):
https://www.biggerpockets.com/blog/real-estate-825?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
How to Use a HELOC to Buy Real Estate:
https://www.biggerpockets.com/blog/heloc-buy-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Tim:
BiggerPockets: https://www.biggerpockets.com/users/tima222?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @timalhanati or https://www.instagram.com/timalhanati/
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://www.biggerpockets.com/blog/real-estate-834?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

01:16 Quick Tip

02:52 How to Invest in Expensive Areas

11:12 HELOC for Down Payment?

14:01 Connect with Tim!

14:31 Our 2-Star Review

16:15 Questions from The Comment Section

22:14 Where to Find Money to Invest More

28:45 I Inherited a Property!

33:10 How to Fund Home Repairs

36:33 You're Seeing Greene!