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Use A HELOC? DON’T Do It! 

Austin Rutherford
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What is a HELOC and why you should NEVER use one! Home equity lines of credit sound great, but when you understand how they work they almost never make sense to use them!
Instead of using a HELOC you can use other people’s money to buy real estate. These people are called Private Money Lenders! Learn more here: • Private Money Lenders ...
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#HELOC #HELOCEXPLAINED #HELOCLOAN

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2 окт 2024

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Комментарии : 14   
@ladybuginc.4189
@ladybuginc.4189 7 месяцев назад
My bank qualified me for a HELOC up to $70,000… I didn’t know what to do with it..
@MACA_Zeon
@MACA_Zeon 7 месяцев назад
Investments or stock market or anything that can benefit you financially
@MACA_Zeon
@MACA_Zeon 7 месяцев назад
Someone also suggested even using it to rehab or upgrade property
@ladybuginc.4189
@ladybuginc.4189 7 месяцев назад
@@MACA_Zeon -Thank you.. I’m starting an online business, I should invest it it!! I appreciate it
@AustinRutherford
@AustinRutherford 7 месяцев назад
Just make sure you are making enough money to pay the interest you will owe!
@huntergore650
@huntergore650 7 месяцев назад
get them for uprgrading your home not to invest in real estate don't say don't get them
@XMsDJFurious
@XMsDJFurious 7 месяцев назад
But what if the house is paid off. No mortgage 💸.. just to buy someone out. Can u still do a HELOC ? Thanks Austin. Please advise.
@XMsDJFurious
@XMsDJFurious 7 месяцев назад
Oh.. it’s a 3 family home. Sorry.
@realrightconsulting
@realrightconsulting 7 месяцев назад
it only makes sense if the property is paid off.
@melodyn6419
@melodyn6419 7 месяцев назад
Don't use HELOC. Then use what?
@AustinRutherford
@AustinRutherford 7 месяцев назад
I use private money and the BRRRR method. Just hard to turn 10% profits to break even on the HELOC
@lifewithflex4471
@lifewithflex4471 7 месяцев назад
Gotta think outside the box with a heloc don’t use all the money at once buy profitable items and flip them don’t gotta be real estate
@AustinRutherford
@AustinRutherford 7 месяцев назад
This is true!
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