849: Seeing Greene: How to Use Home Equity to Retire Early and HOA Headaches - a podcast by BiggerPockets

from 2023-11-27T07:00

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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 mortgageSyndications vs. active investing and when you should stay away from “passive” income
HOA headaches and why a homeowner association could ruin your cash flowCash-hemorrhaging HELOCs and the fastest way to pay off bad debt
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