Generic filters
Exact matches only
Generic filters
Exact matches only

Investing In Real Estate Podcast

Since HELOCs can be difficult to find on an investment property, what’s the best way to access the equity on a rental? In what scenarios would a cash out refinance be a better option? That’s the first question I’m answering on today’s show!

On this episode of Investing in Real Estate, we’re going to discuss the future of digital currency, and how to protect yourself from the decline of the US dollar. I’m also tackling your questions about home equity, buying an investment property in a college town, and how to build your portfolio with a bad credit score. Click play to hear my answers to your real estate questions!

On this episode you’ll learn:

  • The main differences between a HELOC and a cash out refinance.
  • What to consider before buying a rental property in a college town.
  • Options for building your portfolio with a bad credit score.

The Main Differences Between a HELOC and a Cash Out Refinance

A HELOC and a refinance both allow you to tap into the equity on a rental property. Personally, I’m not a fan of the cash out refinance, because it takes the place of your existing mortgage. There are a lot of closing costs associated, and unless you’re getting an incredibly lower rate, it’s often not worth it. A HELOC, or a second mortgage, allows you to get access to a lump sum of money, and it has a revolving balance similar to a credit card.

And even though HELOCs can be harder to attain on a rental property, it is possible. I suggest shopping around with multiple lenders. You can also check out my friend Dan at Churchill Mortgage, he’s very experienced with working with investors.

What to Consider Before Buying a Rental Property in a College Town

Generally speaking, a college or university town can be a great rental market. However, it’s still important to do market research. You’re still going to want to look at vacancy rates, landlord friendliness, etc. Investing in a college town can be a great experience, but you may want to explore other options. You can schedule a free call with my team if you’d like to learn more about investing in real estate.

Options for Building Your Portfolio with a Bad Credit Score

Don’t let a bad credit score stop you from reaching your financial goals. The first thing I would try is using Scoremaster to see if you can quickly clean up that score. From there, reach out to multiple lenders to see what they can offer. Another option to entertain is non-recourse financing, which has higher interest rates but is not based on your personal credit.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
Dan Kraus at Churchill Mortgage 
How to Pay Off Your Mortgage in 5 Years
The Power of Non-Recourse Financing 
Financial Empowerment Bootcamp
Download the Freedom Cheat Sheet
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.

Ready To Build Passive Income Through Rental Real Estate?


Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.


Posted on

April 3, 2023

Submit a Comment

Your email address will not be published. Required fields are marked *