Episode #362

Getting a home equity line of credit (HELOC) is one of the easiest ways to leverage your home equity and buy your first rental property. But what is the best way to use one? Are there any drawbacks? After today’s deep dive into HELOCs, you’ll have all the answers!

Welcome back to another Rookie Reply! In this episode, we’re not only looking at HELOCs but also comparing them to “evergreen loans” so that you can choose the right financing tool for you. Is bad credit preventing you from investing in real estate? You might have to get creative! Ashley and Tony offer several ways to invest while you’re fixing that credit score. Stick around until the end for the best value-adding home renovation projects that will help you raise rents!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?u...

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Join BiggerPockets for FREE:
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Join the Real Estate Rookie Facebook Group:
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply?u...
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The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals:
https://www.biggerpockets.com/blog/ro...
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How I’m HELOCing My Way to Wealth:
https://www.biggerpockets.com/blog/ho...
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Should I Fix My Credit Before Attempting to Invest in Real Estate?:
https://www.biggerpockets.com/blog/fi...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or   / wealthfromrentals  
@tonyjrobinson or   / tonyjrobinson  

Show notes at https://link.chtbl.com/Rookie


00:00 Intro

01:51 Investing with BAD Credit

09:41 How to Use a HELOC

21:44 Evergreen Loans 101

25:15 The BEST Value Adds for Rentals

34:36 Send Us Your Question!