Real Estate Money School
Turning Your Home Equity Into a Debt-Free Income Stream w/ Matthew Sullivan
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:42:32
- More information
Informações:
Synopsis
Building equity in your home unlocks massive leverage and cash flow, but thanks to an antiquated system, very few people ever get to put that to use. With $17.8 trillion of equity in single family homes, and 14.7 million homeowners with 50% or more in equity, this is a huge untapped asset class that’s right in front of us. Most people think the only way to leverage their equity is through a traditional bank loan, which they shy away from because it involves assuming more debt with monthly repayments. Fortunately there is a better way. Equity-based financing allows us to access cash without eroding the upside with monthly payments. The idea is to make the equity in our homes work for us so we can actually live a better life and have more passive income, without the burden of structured debt. How is this model different from the traditional model of borrowing on your equity from the bank? What is the difference between good debt and bad debt? How can we use our equity to improve our lives and reach more