How Does a HELOC Work & Retiring a Millionaire with Real Estate

Video Description

How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality. Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate. Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Ask David Your Real Estate Investing Question: https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Listen to Our Sister Podcast, “On the Market”: https://link.chtbl.com/OTM ~~~~ Forum Post: Buying a property where tenant does not have a lease: https://www.biggerpockets.com/forums/311/topics/1178008-buying-a-property-where-tenant-does-not-have-a-lease?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Episode 919: How to Use Real Estate to Quit the 9-5 Grind: https://www.biggerpockets.com/blog/real-estate-919?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto X/Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 01:09 Should I Build an ADU? 09:31 How HELOC Interest Rates Work 15:30 How to Invest $300K for "Passive" Income 25:05 My Tenant Has No Lease! 27:23 Comment Section Callout 28:50 How to Hit $1M Before Retirement 36:33 The Perfect Rental Portfolio