How To Use Your EQUITY To Buy Another Property (Step-By-Step)

The video explains how homeowners can use the equity in their homes to purchase a new property, buy investment properties, or pay off high-interest debt. It details how equity is built through mortgage payments and property appreciation, and highlights three common uses: upgrading to a better primary residence, purchasing income properties, and consolidating high-interest debt. The video outlines both the advantages (such as avoiding the need to touch savings or retirement funds) and the disadvantages (like increasing mortgage payments and reducing home equity) of leveraging home equity. It also covers four main methods for accessing equity: home equity loans, home equity lines of credit (HELOC), cash-out refinancing, and selling the home. Finally, it emphasizes that using home equity can be a strategic way to build wealth, especially in real estate, and offers advice for those interested in leveraging their equity to expand their property portfolio or manage finances
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