Using A HELOC To Build A Rental Portfolio With Nick Disney (Ep 492)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.9 • 805 Ratings

🗓️ 22 October 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nick shares how he has built his rental portfolio by building equity in rental properties and then using a line of credit to tap into that equity to buy and fix up the new properties.

We also talk about how he used 15-year mortgages to build up equity faster. Doing this, in combination with the market appreciation over time, has helped him build equity that he has used to help him grow his rental portfolio.

Nick also reviews the numbers for a recent deal. We go over the numbers, and he explains how the financing works.

https://rentalincomepodcast.com/episode492

Thanks To Our Sponsors:

Take your personal data back with Incogni! Use code RENTALINCOME at the link below and get 60% off an annual plan: http://incogni.com/rentalincome

Ridge Lending Group - Mention Rental Income Podcast for a $250 credit at closing.

Transcript

Click on a timestamp to play from that location

0:00.0	inspiring interviews with today's top landlords. This is the rental income podcast. And now, Dan Lane.
0:09.8	Figuring out how you're going to finance the purchase of a rental property is really one of the most important things you can do.
0:16.7	Nick, how are you financing your rentals? We use a combination in ours. So we use a line of credit
0:22.8	from some of the rentals we already have. And then we will refi out of the new properties with
0:28.8	the banks to give us a 15 year loan so we can recycle that money through the line of credit.
0:34.7	And I didn't love 15 year loans at first for the rentals, but it's definitely
0:39.8	grown on me and it's definitely starting to pay off a lot now. In other words, because Nick's
0:44.5	properties are on 15-year mortgages, he's able to build up equity pretty quickly in those properties.
0:50.8	Once he has some equity in a property, he'll open up a line of credit and use that to buy another property and just repeat the cycle over and over again.
1:00.3	And Nick has been able to build a portfolio of over 40 properties by just doing this over and over again.
1:07.1	On the show today, we're going to get some more details about how it works and take a look at one of his deals.
1:12.2	Joining us on the show today from San Antonio is Nick Disney.
1:16.1	We'll take a quick break to thank our sponsors.
1:18.6	We'll come right back and we'll talk to Nick.
1:20.8	We all love making deals, but is your personal data out there making deals without you?
1:26.3	Maybe you're getting too much spam in your inbox.
1:28.7	Incogni can stop it.
1:30.8	They get your information removed from marketing lists so that you get less junk mail.
1:35.8	I like how easy their platform is.
1:38.2	All you have to do is tell them who you are.
1:40.8	And then they run with it from there to get your information removed.
1:44.5	So why procrastinate? Protect your data with Incogni now?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rental Income Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rental Income Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.