In this podcast episode, you'll learn about HELOCs (home equity lines of credit) for real estate. HELOCs have good things like low fees and affordable interest rates. Also, if your home's value goes up, you can borrow money based on its new value.

With a HELOC, you can buy more real estate without selling what you already have. But be careful about changing interest rates and rules.

Overall, a HELOC is a great way to fund your first real estate investments, especially if you already own a home. The money you get can be used for renovations, down payments, and more.

Watch this video to learn all about HELOCs and how to use them. Check it out!

Join “The Family Vault” to get access to members-only content and perks:
https://reieducationacademy.com/patreon

Join My Next Real Estate Jump Start Challenge.
Get the details here: https://reieducationacademy.com/sprint

Want Real Estate Coaching? Join “The Family Elite” Coaching Group.
Get the details here: https://reieducationacademy.com/coaching

Contact D’Andre Clayton: https://reieducationacademy.com/clayton

Recommended Reading: https://amzn.to/3Q2rkOR

If you enjoyed this video and want to support me please leave a LIKE, write a comment on this video and Share it with your friends. You can also subscribe to my channel by clicking the following link:

👇🏾 SUBSCRIBE TO JAMEL'S YOUTUBE CHANNEL ASAP 👇🏾
https://www.youtube.com/jamelgibbs?su...

… and click the 🔔 icon to get notifications every time I post new videos!

⬇️ RESOURCES ⬇️

Get More from Jamel Here: https://linktr.ee/jamelgibbs

Who is Jamel Gibbs (The Family Oriented Entrepreneur)?

"I teach real estate investors and entrepreneurs how to create time and freedom. Helping them get from where they are, to where they want to be, through proven real estate investment strategies. At the end of the day, I take the guesswork out of building a successful real estate business, moving you closer to building a life and business you love, for you and your family."

Read Jamel's Full Bio Here: https://reieducationacademy.com/about

Follow Jamel:

FaceBook:   / thejamelgibbs  
Instagram:   / jamelgibbs  
Twitter:   / itsjamelgibbs  
YouTube:    / jamelgibbs  
Linkedin:   / jamelgibbs  
TikTok:   / jamelgibbs  

Earnings Disclaimer:

The statements in this email are not to be interpreted as a promise or guarantee of earnings. As with any business, your results will vary and will be based on your desire,
dedication, effort, ability to follow directions, and an infinite number of variables beyond our control.

See full disclosures here: http://reieducationacademy.com/earnin...

0:00 Intro
1:37 About D’Andre Clayton
2:20 What is a HELOC?
3:45 Difference Between a First and Second Lien Position HELOC on a House
5:29 Why is a HELOC great for credit?
7:46 What Type of Credit Score Should the Average Person Need to Get a HELOC?
8:13 What Score is Needed on a Second Lien Position HELOC?
8:59 Is it Better to Have a 1st Lien Position or Second Lien Position HELOC?
12:36 What Other Opportunities Does a HELOC Present?
15:28 Why It’s Important to Have a HELOC?
18:30 What Would You Say to Someone on the Fence about this?
21:45 What are HELOC Interest Rates Today?
22:22 What if Your Scores are Lower with Today’s Interest Rates?
24:25 Why Interest Rates Doesn’t Matter?
30:34 What’s the Difference Between Amortized Interest and Simple Interest?
35:12 How Does a HELOC Affect Taxes?
40:10 What Are the Dangers of Using a HELOC?
49:43 Best HELOC Methods
53:13 HELOC Examples
1:03:55 Contact D’Andre Clayton
1:05:23 Recommended Books
1:09:56 Last Words

#heloc #realestate #jamelgibbs #homeequitylineofcredit #investingforbeginners