Joe, is your house paid in cash? Do you still have a mortgage on it? What's your deal?

We have a mortgage, but it's such a low, low, low interest rate interest rates were through the floor.

So it's two and three quarters nice. Do you have a lot of equity in your home for an interest rate?

That was that low. We borrowed more, but the answer is a fair amount. Why do you ask Paula?

Well, I'm asking because the first question that we're going to be addressing today is from a woman

who has a lot of home equity and doesn't like the fact that it's just sitting there

not making any money. So, we're going to answer that plus several more questions.

I'm just crying. I know, right? Welcome to the Afford Anything Podcast. The show that understands

you can afford anything, but not everything. Every choice that you make carries a trade-off,

which means the equity that you hold in your home is a wealth on your balance sheet that you're

not spending elsewhere. So what are the trade-offs that you're willing to make? And how do you

execute on those decisions? That is a lifetime practice, and that's what this podcast is here to

explore and facilitate. I'm Paula Pant. I am the host of this podcast. And every other week,

my buddy, Joe Salcihi, the former financial planner, joins me to help answer questions. What's up, Joe?

Well, I'm here. I'm reporting for duty, and I'm excited. Fantastic. Let's just dive right in. Our

first question comes from Lindy. Hi, Paula. Hi, Joe. I appreciate all your hard work.

My question is, I've got a rental house with about $300,000 in equity just sitting there,

and I feel like I'm missing out. I'm just frozen. I'm sitting on the sidelines. I've done

fix and flips before, but I'm not excited about buying houses right now. But I feel like I'm missing

out on opportunities with this money just sitting there. Is there any ideas that you guys have

where I can put this money where it's still building assets or ideally creating a little bit of cash

flow? Or is the best option to just like keep letting it sit there? Thank you so much.

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