Use A Cash-Out Refinance to Buy Another Home? 

I hope he held that Facebook stock!

thanks for keeping it real Dave!

Love this new channel ltb more episodes would be great

That’s what we did and paid off the loan after the first house was sold. It’s a great way to move from one house to another. Works out perfectly.

He's 53 and a half. I haven't said that since I was 12

Love the pink Anthony!

Title is very misleading!

Love your stuff Dave

Great advice. People need to focus on the numbers (facts) without becoming so emotional about it.

Florida, South Carolina, or the Delta Coast

Keep the Facebook stock !!

He'd have to buy 5-8 doors in order to make a living in retirement in those states he moved to to equal a sustainable life. Not just one.

There's ocean in Texas

Move to Florida

The FB stock dropped over 65% since then.... Hope he sold last year!

Keep the Facebook stock and add Apple 🍎, Comcast and Levi's

100%

Or use low interest debt as leverage that gets slowly eaten away by inflation 🤷‍♂️

Me and two brothers are in a trust of my mother house..The house is paid for and it's value at 1,500,000 ..we just paid property taxes of $8500..it's a mixed used property half of the property is commercial/ retail..and the other half is residential.. We don't know what to do with this home because it's in a trust Are we allowed to take any of this money out to invest in buy another house or can we invest in the house to make money from interest.. All three of us brothers are in a bad financially situation.. What can we do to make money off this home? I want to buy a house in Texas that cost $120,000 I don't have a down payment and I don't qualify and I'd like to use some of the equity from our home to buy this cash out.. I heard of reverse mortgage cash refinance or refinance I just don't know where to start

There is so much to do though other than going back to a job. Such as seeing the world for 10-20X less the price if were talking geoarbitrage to Asia. What do you save for retirement anyway? Isn't it to have the ultimate vacation at the end of the day. There is so much to see. That is the most fd up thing I've heard. Going back to work after retiring.

I bought home in 2018. Thank God I did. My wife actually loves New York, Boston, Connecticut,Seattle, she loves seasonal weather. Politics aside, I wouldn’t mind. I don’t plan on selling the Cali home. Bought for 460 home worth 580,owe 390, 190 in equity! Never will sell only rent.

Disagree here. I would never sell my rental if it was in SJC regardless of the politics. I know because I live here.

Sell the car

Go live in texas or florida

The concentration when the guys were listening to the man's story was so serious

Good plan. Dave Long distance landlord does not sound fun, unless you have a management company looking after it. Go move to a cheaper place that you will be happier living in.

1mill is with the equity loan so how would that get paid back after he moved? Did I miss something.

I want to use my heloc to buy an investment property in full, then do a refi RIGHT AWAY & pay my heloc back less the 20% down. I'm using heloc from investment properties that are paid in full

He can buy 3 or 4 middle class houses for 1.2 mil in Texas depending on where you want to move unless he moves to Dallas Austin or Houston then 2 or 3. Nice houses here are 200-300k post covid.

Facebook stock will continue to make him a killing, he should keep it.

He should take a look at the Texas and florida coasts. Low cost of living and no state income tax in either of those.

Dave really stopped and listened to this guy.

Something that gets missed in nearly every discussion about people retiring and strategies on where to live, COL expenses etc... is the impact global warming will have on ANY particular area. ANYONE planning on retiring in the South/ Eastern seaboard is going to be looking at more: Tornadoes, flooding, hurricanes, blizzards and heat/ humidity events that are going to drastically affect your property's condition, insurance costs, values etc...

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.....

Such a rude guy!

Dave needs to be more respectful to others. He is right in what he is saying, he just lacks respect when saying it.

There are going to be so many people calling into Dave the next few years complaining they paid too much for their house and can’t save or pay their bills 🤣

I could fish every day for the rest of my life.....

Nevada is full

He is grouchy.!!

Dave does have long distance land lording. A Google search of his companies, shows he has property all over the country. You can easily rent them out and hire a property management company.

When Dave said you can only gold or fish so much, I laughed so hard. Boy he is WRONG lol. People like me and some of my friends would have ZERO problem fishing every day of the year.

Stay in California donot come to florida

What does Dave think about long distance landlording while in the military?

I’ve always wanted to become a landlord but i ended up waiting too long to buy. With home prices the way that they are, forget it. I’ve accepted that I’ll never own a home.

If you are in your 50s, and you are still calculating your age by halves, then I think investing in real estate is the last thing you should be doing.

Why not use the proceed to leverage other people’s money (bank) and let that grow your wealth while you enjoy life from RE investments?😂

Why move to Tennessee when your wife loves the beach!?!?! Move to Florida!!! This way his wife won’t be wanting to move again after a year or so bc she misses the beach.

I am in the same situation but 40. Should I refi my rental and get more or pay it off

All these Californian coming to Tn and driving up housing cost 🙄

Wherever you move stop voting democrat

Help I'm in the UK and my boss said I can buy his share of my home for 21,333 he purchased his share at this price, he owns 1/3 of my house. Do I pay it and sign it to me or wait till I can afford to buy the other 2/3. ????

52 is too young to stop working? You gotta be kidding me 😂😂. I swear this man wants everyone to work until their last day on earth smh…

Mutual funds are not that great. Individual stocks is where is at. No guts no glory.

please keep liberal politics out of beautiful states like TN, TX, FL