❓Ask me a 30-second question at https://morrisinvest.com/clayton
📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com
📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB
🏠 What’s Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom
💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp
🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com
👨🏻💻 Sign Up for My Webinar: https://morrisinvest.com/webinar
What You Need to Know About Investing with a HELOC
If you haven’t considered using a HELOC to invest, I’d urge you to take a look at your numbers and see if it’s right for you. After all, you can’t eat equity. If I had home equity just sitting there, I would certainly use it to grow my portfolio.
Here’s how it works: once you’re approved for a home equity line of credit, you have a zero balance on your account. It’s a revolving line of credit, similar to a credit card. You can use those funds to put a down payment on a rental property and start building your portfolio.
While you might worry about the debt involved in doing this, remember that you’re building your net worth and your renters are paying down the debt.
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.