If you own your primary residence, a home equity line of credit can be a helpful tool for investing in real estate. Today’s guest has walked that path, and is here to share how he made a successful jump into real estate investing!
On this episode of Investing in Real Estate, I’m speaking with new investor, Ben Golden, about his entry into the world of real estate investing. We’re discussing the intricacies of home equity lines of credit, and how to overcome the fear of what-if scenarios. If you’re looking for some inspiration today, Ben’s story is for you!
More About This Show
Ben Golden works in the technology industry in the Chicagoland area. Although he loves his job, his money simply wasn't working for him. He had some extra funds sitting in an account, and like many people, Ben found that his accounts weren’t performing well.
He came across this very podcast and dove into research about the world of real estate investing. He decided that real estate investing was an avenue he was ready to pursue, and he booked a free call with us.
Ben and I discussed his financial goals, and what he envisioned as his future in real estate investing. We reviewed his concerns until he felt comfortable enough to obtain his first property. Now he is the proud owner of one passive-income producing rental property, and has high hopes for the future.
In fact, Ben recently obtained a home equity line of credit from a local credit union, with the intent of using it to purchase more properties. He had a great conversation with his banker about his goals, and what rates were available to him. He submitted an application, and was quickly approved to move forward with his line of credit.
On today’s show, Ben is elaborating on all the details of his home equity line of credit, including rate, payments, fees, and structure. We’ll also explore his plans for the future, and how calculating his Freedom Number changed his goals. You won’t want to miss this episode of Investing in Real Estate!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with my team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- How can you set realistic, attainable goals in real estate?
- Why don’t I personally hold all of the Morris Invest properties?
- How is real estate investing like checks and balances?
- How can you prepare for the worst-case scenario in real estate investing?
- Plus, much more about real estate investing!