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BiggerPockets Real Estate Podcast

849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 27 November 2023

⏱️ 67 minutes

🧾️ Download transcript

Summary

Have home equity? Well, you could retire early, thanks to it. If you bought a house from 2009 up until 2021, there’s a good chance you could be sitting on tens of thousands, hundreds of thousands, or millions of dollars in equity. But equity just sitting in a property isn’t doing much for you unless you can use it to retire early! Want to know how? Stick around; we’ll show you! We’re back on another Seeing Greene where average investor Rob Abasolo joins buff, strong, beautiful, and bald David Greene to answer your real estate investing questions. In today’s show, we talk to Anthony, a slow-and-steady investor who’s built up an impressive amount of equity over the past decade. He wants to retire early and use his equity to increase monthly cash flow. But what’s the best way to do it? Next, we share some public loathing of HOAs (homeowners associations) and how they can be the bane of your investing existence, plus when it’s time to sell a property in an HOA. Finally, an investor who is STRUGGLING to pay off her HELOC asks what the next best move to make is: work hard to pay it off the old-fashioned way or leverage ANOTHER investment to become debt-free faster. In This Episode We Cover: How to turn your home equity into cash flow and an early retirement Buying rental properties in cash and when it makes sense to forgo a mortgage Syndications vs. active investing and when you should stay away from “passive” income HOA headaches and why a homeowner association could ruin your cash flow Cash-hemorrhaging HELOCs and the fastest way to pay off bad debt And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Be a Guest on the BiggerPockets Podcast David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Join BiggerPockets Pro and Start Investing for Financial Freedom TODAY Shop The BiggerPockets Store SALE and Get an Additional 10% Off with Code “BOOKS849” Ask David Your Question Hear More from Expert Flipper James Dainard on The “On the Market” Podcast Books Mentioned in this Show Pillars of Wealth by David Greene Connect with Anthony: Anthony's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-849 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 8-49.

0:04.0

What's going on everyone is David Green,

0:06.0

your host of the BiggerPockets Real Estate Podcast,

0:08.0

the number one real estate podcast in the world every week,

0:11.0

bringing you up-to-date information how-tos and stories of

0:14.3

successful investors that include how they did it and how you can do. Today's

0:18.4

episode is a seeing green show and I brought in some. Rob Abbasolo joins me today

0:24.0

as we answer your questions, our loyal listener base,

0:28.2

and we walk through what to do in different real estate conundrums.

0:31.2

Today's show we are going to cover a flip gone wrong

0:34.1

with helock interest eating at a bank account. What happens when he locks turn

0:37.8

against you? Why we would sell a particular deal that's doing well because it's in

0:42.2

an HOA.

0:43.4

And we also had one listener submitted question that was so good.

0:46.3

We were incredibly intrigued that we had to bring them in to talk to them personally

0:50.0

to get more information and give as solid of real estate investing and

0:54.2

financial advice as we possibly could you're gonna love today's show the topics

0:58.2

are relevant for everybody that's trying to invest and make it work in today's

1:02.2

market which is the trickiest market that I've ever seen.

1:05.2

Rob what were some things that you think people need to keep an eye out for in today's show?

1:08.4

This is a good one man. This keeps us on our toes as investors. I feel like we always understand the core concepts and

1:14.3

fundamentals of investing so it is always nice to answer some of these questions that are

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