How do you know if it’s a good strategy to buy assets with your home equity? And given higher interest rates, would it be better to invest in real estate or commodities like gold and silver? That’s the first question I’m answering on today’s Q&A episode!
On this encore episode of Investing in Real Estate, we’re going to talk about the pent up demand for housing in the US. Then, I’m taking three of your excellent questions on leveraging a HELOC to buy assets, house hacking a full-service rental property, and ways to buy gold and silver. Click play to hear my answers to your questions!
On this episode you’ll learn:
- How to determine the best way to utilize your HELOC.
- What to consider about house hacking.
- The best ways to get into gold and silver.
How to Determine the Best Way to Utilize Your HELOC
Personally, I’m a huge fan of utilizing your home equity to buy assets. In my opinion, real estate is one of the best asset types to leverage, because you’re using the bank’s money to add to your net worth column.
Choosing an asset (or asset type) is all about the numbers. My friend and mentor Robert Shemin always says that if the return is higher than your interest rate on your loan, then it’s a good deal. I would suggest running the numbers before making any final decisions.
What to Consider About House Hacking
House hacking is an incredible way to get started investing in real estate. The biggest determining factor is your financing method. Certain loan types are favorable for house hacking, while other methods (like self-directed IRA investing) are not a fit. If this is something you’re seriously interested in, schedule a free call with my team to learn more.
The Best Ways to Get Into Gold and Silver
There are a few different ways to invest in gold and silver. It just depends what type of strategy you’re interested in. Here are a couple resources I can recommend:
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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.
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