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The Best Ever CRE Show

JF3358: Charlie Hardage - Harnessing the Power of HELOCs

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 14 November 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

In this episode, we dive deep into a powerful wealth-building strategy with real estate investor and military veteran, Charlie Hardage. Charlie shares his insights on using Home Equity Lines of Credit (HELOCs) to accelerate your real estate investments. Learn how to leverage HELOCs, even if you have a W-2 job, and discover the game-changing benefits of this strategy. Key Takeaways: HELOCs: A Game-Changing Tool for Real Estate: Charlie explains how HELOCs can be a powerful tool for real estate investors, allowing them to tap into their home equity to fund new investments, all while minimizing closing costs and interest payments. He shares his own experiences using HELOCs to invest in various real estate opportunities, from apartments to self-storage. The Importance of Tracking Net Worth: Tracking your net worth is a critical step towards financial success. Charlie emphasizes the significance of monitoring your net worth regularly, as it provides an accurate measure of your financial progress. Setting ambitious goals and celebrating your achievements along the way can keep you motivated and focused on building wealth. Giving Back: Apart from his real estate journey, Charlie and his wife are passionate about giving back to the community. They have plans to establish charities to combat food waste and support local communities with healthy food options. Additionally, Charlie's military background fuels his desire to create a sense of community for veterans, especially those dealing with PTSD, to ensure they never feel alone.   Charlie Hardage | Real Estate Background H&K Investment Group LLC Portfolio: 1,050+ units across six properties Based in: Nashville, TN Say hi to him at:  LinkedIn Passive Investor's Playbook Podcast Best Ever Book: The Gap and The Gain by Dan Sullivan Greatest Lesson: You need to think like the wealthy if you want to be wealthy.   Sponsors BV Captial BAM Capital Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:48.0

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0:56.6

That's Invest Her, H-E-R, Con.com, promo code 100 best ever to get $100 off your ticket.

1:05.0

Quick disclaimer, the views and opinions expressed in this podcast are provided for

1:09.0

informational purposes only and should not be construed as an offer to buy or sell any securities or to make or

1:15.5

consider any investment or course of action. For more information go to Best Ever Show.com.

1:21.6

Think and act like wealthy people if you want to be wealthy.

1:25.0

Welcome to the Best Ever Show, the world's longest running daily commercial real estate podcast.

1:31.0

Our hosts interview commercial real estate experts every day to get you the best

1:35.8

advice ever with none of the fluffy stuff.

1:38.3

Hello best ever listeners. Welcome to the best real estate investing advice ever show.

1:44.0

I'm Ash Patel and I'm with today's guest Charlie Hardage.

1:47.5

Charlie is joining us from Nashville, Tennessee.

1:50.1

He is the co-founder of H&K Investment Group where he used Helocks to build his portfolio and pay down his primary residence.

1:59.0

Charlie's portfolio consists of over a thousand units across six properties.

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