How homeowners can leverage their home equity to start investing in real estate. We explore two primary methods: home equity loans and home equity lines of credit (HELOCs), detailing the pros and cons of each. The conversation emphasizes the importance of understanding one's financial situation and having a clear investment strategy. We also address common fears associated with using home equity for investments and provide insights on how to navigate these financial tools effectively.

Key Takeaways

• You might be sitting on cash and not even know it.
• Home equity can be turned into cash for investments.
• A home equity loan is like a second mortgage.
• A HELOC works like a credit card backed by home equity.
• You incur interest only on the amount you use from a HELOC.
• Understanding your debt-to-income ratio is crucial.
• There are limits to how much interest can increase on loans.
• Having a clear exit strategy is important when using equity.
• Investing in real estate is a wealth-building strategy.
• It's essential to research and understand your options before leveraging equity.
  
  

More on the Blog

https://moneychisme.com/how-to-use-your-home-equity-wisely-to-buy-a-rental-property/

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Disclaimer:
We are not financial advisors. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions.

Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

Exploring the intriguing world of spooky and potentially haunted houses as potential investment properties. We share our personal beliefs about hauntings, legal requirements for disclosing deaths in homes, and the cultural significance of energy in real estate. Plus we look at some spooky and "haunted" house listings, considering their investment potential, and sharing renovation ideas. From witchy houses to the famous haunted house from 'The Conjuring,' we get into the chisme on the potential for renovation, investment opportunities, and the unique charm of these properties, while also considering the risks associated with purchasing haunted real estate. All this with some laid back humor and insights into the real estate market, particularly in relation to spooky houses and their appeal.

Full show notes and chisme here:

https://moneychisme.com/would-you-buy-a-haunted-house-spooky-deals-as-investment-properties/

https://youtu.be/RNTvauDrB-g

Mentioned in this episode:

https://spookyhousesforsale.com/

https://www.zillow.com/homedetails/118-E-Pine-St-Independence-KS-67301/77252906_zpid/?

https://www.zillow.com/homedetails/207-S-Ellsworth-Ave-Salem-OH-44460/448917391_zpid/

https://www.realtor.com/realestateandhomes-detail/1677-Round-Top-Rd_Burrillville_RI_02830_M30405-99705

Get more chisme by joining our newsletter!

https://moneychisme.kit.com/4cf43901b1

Follow us on Social Media

https://www.instagram.com/money_chisme/

https://www.instagram.com/lindoesinvesting/

Join us on our Livestream every Saturday

https://www.youtube.com/@LinDoesInvesting

Disclaimer:
We are not financial advisors. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions.

Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.

Feeling stuck on where to invest in real estate? In this episode of Real Estate Jefas, we break down how to choose your first rental market without getting overwhelmed. Whether you’re investing for cash flow or long-term appreciation, they walk you through the key indicators like population size, job growth, neighborhood class, and income levels.

This episode is for you if you’re a Latina wealth builder, navigating the world of real estate investing with zero blueprint but big goals. Learn how to start where you are, use what you know, and build your own wealth story — one property at a time.

Get more chisme on the blog:
https://moneychisme.com/how-to-pick-a-real-estate-market-without-the-stress/

Get more chisme by joining our newsletter!

https://moneychisme.kit.com/4cf43901b1

Follow us on Social Media

https://www.instagram.com/money_chisme/

https://www.instagram.com/lindoesinvesting/

Join us on our Livestream every Saturday

https://www.youtube.com/@LinDoesInvesting

Disclaimer:
We are not financial advisors. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions.

Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.