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How Does a HELOC Work & Retiring a Millionaire with Real Estate

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How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality.

Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate.

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!

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Episode 919: How to Use Real Estate to Quit the 9-5 Grind:
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Connect with David and Rob on BiggerPockets:
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Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

01:09 Should I Build an ADU?

09:31 How HELOC Interest Rates Work

15:30 How to Invest $300K for "Passive" Income

25:05 My Tenant Has No Lease!

27:23 Comment Section Callout

28:50 How to Hit $1M Before Retirement

36:33 The Perfect Rental Portfolio

HELOCs for Rental Property Are BACK (Use Your Equity!)

HELOC Payments Explained | How To Pay Off A HELOC

Is HELOC a Good Idea? | Pros & Cons of HELOC (Home Equity Line of Credit)

Is It Alright To Use A HELOC For This?

Home Equity Explained 2024 | The BEST Way To Use Home Equity

Why I Hate HELOCS (HOME EQUITY LINES OF CREDIT)

Home Equity Line of Credit - Dave Ramsey Rant

How Does a HELOC Work & Retiring a Millionaire with Real Estate

Morris Invest: How to Use a HELOC to Purchase Rental Properties

🏡 Never put a downpayment on your house #realestate #money #downpayment #personalfinance #mortgage

HELOC vs HOME equity Loan

Leveraging your HELOC and home equity loan

Home Equity Line Of Credit

HELOC Explained For Beginners

Why Not Take Out A HELOC Instead of Buying A New Home?

How To Use Home Equity To Buy A New House | And Qualify For A Bigger Home

HELOCs for DUMMIES #realestate #millionairemindset

Common Ways to Use a HELOC

This Strategy Could Help You Reach Retirement Early (Home Equity)

Rent Or Sell Your Property If On A Home Equity Line of Credit (HELOC)?

What is Home Equity?

How to structure cash flow to pay for HELOC and new property

How to Use Your Home Equity to Retire Early

Biggest HELOC Mistakes Investors Make | Home Equity Loan VS Line Of Credit

Cash out Refi vs HELOC | Access your home equity tax free!

Why You Should Never Pay Off Your House

Should I Pull Out $60,000 Of Home Equity and Invest It?

Home Equity Explained by a Real Estate Agent

BRRRR Strategy vs HELOC Vs Home Equity Loan: Which is Better in Canada?

How to Use Your Home Equity to Reach Early Retirement Faster

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