Investing in Real Estate with Home Equity? [#AskBP 007]

http://www.biggerpockets.com/askbp007 - In this episode of the #AskBP Podcast, Brandon Turner explains how to tap into your home equity to purchase investment properties. You'll learn the difference between a loan and a line of credit, as well as when (and if) to use each on specific real estate deals. Additionally, Brandon covers the negative aspects of using your home equity, and ends with a story of how his in-laws used their equity to buy an incredible duplex.

Comments

1. Great information. I will definitely be looking into HELOCs. Thank you!!
2. great information
3. This is just the most irresponsible advice EVER.  Coming from a real estate investor and agent of 25 years.
4. ok, so I'm thinking about quickly paying down my mortgage just to be debt free earlier. but pending market stability I would be able access that equity to purchase a rental that makes sense. but if a good investment doesn't present itself then I continue to increase equity in the meantime
5. mmmm!
6. Actually it's pretty easy to get a HELOC on your rental property. The LTV will be a a lot lower though.
7. I'm so confused,if they will lend you 40k aren't there closing costs or down payments thus reducing the 40k
8. Thanks for the info. Would rather you directly answer the question that was asked. Rather than explaining what equity and other basic real estate definitions are.
9. Brandon, I appreciate your thoughts, it was explained in an easy way.