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Investing In Real Estate Podcast

Today’s first caller has $100,000 available in home equity. Should he use it expand his real estate portfolio, pay off his mortgage, or both? That’s the first question I’m answering on this Q&A Monday!

On today’s show, first we’re going to talk about why trying to time the market isn’t a sustainable strategy. I’m also answering your questions on leveraging funds, getting a HELOC with an LLC, and utilizing equity after a pay cut. Please join me for episode 899 of Investing in Real Estate!

On this episode you’ll learn: 

  • The best way to leverage $100k.
  • What you should consider about getting a HELOC when your property is in an LLC.
  • How to find loans when your financial situation has changed.

The Best Way to Leverage $100k

I’m not a financial advisor, but if I had $100k to deploy, I’d certainly be thinking about acquiring performing assets. Here’s why: a rental property is a tax shelter. With depreciation on your side, you’re making some of your money back. When you buy real estate investments, you’re also getting cash flow, and adding an asset to your overall net worth.

If you’ve read my book, you’ll know I’m also a fan of using a HELOC to pay down your mortgage. However, I think it’s important to note that you don’t need a huge chunk of funds to make this strategy work. I’ve seen people use as little as $5-10k to pay off their mortgage.

The best thing about this specific scenario is that you don’t have to choose between buying investments and paying off your mortgage. If you’re strategic, you can work toward both goals simultaneously.

What You Should Consider About Getting a HELOC When Your Property Is in an LLC

In some cases, it can be harder to get a HELOC when your property is in an LLC. However, it’s still possible to find a lender that’s willing to work with you. My first suggestion is to reach out to my friend Dan Kraus at Churchill Mortgage.

How to Find Loans When Your Financial Situation Has Changed

It can be intimidating to ask for a loan if your income has decreased, but there’s no reason not to try. There are so many banks out there looking to lend money. While your income is important, there are also other metrics that factor into the equation like credit score, credit history, debt-to-income ratio, and more. If one lender tells you no, move on to the next one!

Ask Me a Question at morrisinvest.com/clayton

Episode Resources

Book a Call with Our Team
Download Money App at https://money.app/investing
How to Pay Off Your Mortgage in 5 Years 
Dan Kraus at Churchill Mortgage 
morrisinvest.com/bootcamp ← Download your FREE 90-Day Bootcamp!
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

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.

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Posted on

November 28, 2022

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