✅✅How can we build wealth using our home equity?
There is a couple different ways.
✅ you can leverage it through a equity line of credit
✅or a home equity loan.
💰you can legally pull out 40,000 of your 50,000 dollars of equity.
You can either take that 40,000 and pick up a couple different units to rent out
or
🎉you could take that 40,000 and split it up into 2 purchases,
🎉For example: you're going to use x amount of dollars to acquire the property and they're going to use x amount of dollars to fix it up and resell it.
🤯So there's a couple of different strategies that all depends on: Are you trying to acquire wealth? Or are you trying to acquire assets?
Yes, you choose which focus
✅In summary:
1️⃣So you can flip a property using the money you got from your equity.
2️⃣you can finance the property and sell it to someone else or
3️⃣or you're going to hold on to the property.
🤯🤯
Want more mentoring?
✅Call us FIRST to learn about all the ways to build your real estate knowledge !
☎️☎️Contact us now; 757-404-2933 www.handyandyfixes.com
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