Video není dostupné.
Omlouváme se.

Don't Use A HELOC to Invest in Real Estate?

Sdílet
Vložit
  • čas přidán 29. 10. 2023
  • Recently, someone said, 'Don't Use A HELOC to Invest in Real Estate' in the comments section on my CZcams page. This comment was in reference to a podcast episode that I did with Anthony Rushing. So I've decided to get Anthony back on the podcast in order to address this comment, as well as several others regarding HELOCs. Check it out!
    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 CZcams CHANNEL ASAP 👇🏾
    www.youtube.co...
    … and click the 🔔 icon to get notifications every time I post new videos!
    ⬇️ RESOURCES ⬇️
    Contact Anthony Rushing and Check out the Calculator Here: (Tell them Jamel Gibbs sent you) reieducationac...
    Join “The Family Vault” to get access to members-only content and perks:
    reieducationac...
    Join My Next 5 Day Deal Flow Sprint:
    Get the details here: reieducationac...
    Get Started with Wholesaling and Creative Financing Here:
    reieducationac...
    Want Real Estate Coaching? Join “The Family Elite” Coaching Club.
    Get the details here: reieducationac...
    Grab Jamel's Real Estate Investing Software Here:
    investordealpr...
    Get More from Jamel Here: linktr.ee/jame...
    About Jamel Gibbs:
    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: reieducationac...
    Follow Jamel:
    FaceBook: / thejamelgibbs
    Instagram: / jamelgibbs
    Twitter: / itsjamelgibbs
    CZcams: / 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: reieducationaca...
    #howtopayoffdebt #heloc #jamelgibbs #firstlienheloc #realestate #investing #payoffmortgage

Komentáře • 24

  • @jamelgibbs
    @jamelgibbs  Před 9 měsíci +1

    ↓Subscribe for more real estate investing tips↓
    reieducationacademy.com/CZcams-Subscribe
    Also, share and leave a comment below.

  • @dandreclayton7936
    @dandreclayton7936 Před 9 měsíci +6

    I absolutely loved this discussion, I haven't met a loan officer yet more honest than Anthony that why I use him so frequently to help my clients. Good stuff here you guys!!

    • @user-nc7wj2dp9q
      @user-nc7wj2dp9q Před 9 měsíci

      @deandreclayton7936 - Thanks for the compliment & shout-out Deandre!!!

    • @samsonswaroop
      @samsonswaroop Před 5 měsíci

      I couldn’t agree more! I actually spoke with Anthony for a first lien HELOC but given where I am with my debt profile it would not make sense and Anthony was upfront about it!

  • @blackson4546
    @blackson4546 Před 9 měsíci +3

    GREAT CONTENT!!! The thing that struct a nerve with me is what Mr. Gibbs said, "You put your money into a mortgage, and if you want to get it back you have to pay 10k" 🤯

  • @RH-xp7xu
    @RH-xp7xu Před 5 dny

    I’ve just recently started watching your videos. Although your information is all new to me, I see the value in these different strategies and vehicles.

  • @cityoflove85
    @cityoflove85 Před 9 měsíci +3

    I think this is a great option for a flip if you are wise with your approach and plan well. I would not recommend doing this for home improvement or to pay off bills though. This line of credit is good for renunue producing ventures to MAKE money ONLY in my opinion. I used to think this was a terrible idea as well until I was educated more about it. It is all serious business though so every needs to be intentional with any loan they choose.

  • @magdalenaalvarez4541
    @magdalenaalvarez4541 Před 9 měsíci +2

    Great information… Thank you both … my question is My parents want to deed me their house .. we in the process of remodeling their house… what would be the steps to use the value of the house since there is no mortgage on it?

  • @WayneHill-q8v
    @WayneHill-q8v Před měsícem

    I have a Heloc but wondered if you lock the rate on a Heloc does it change from simple interest to amortized? Is it best to leave it unlocked and just hope that prime doesn't continue to rise?

  • @RomilioFlores
    @RomilioFlores Před 2 měsíci

    Open a 2nd position Heloc for emergencies and make extra payments to your higher interest rate. My mortgage 3.375%, car loan 6.49%, heloc 8.75% with $0 balance($57K limit). I’m paying off my car loan making extra payments, but I have the heloc for emergencies. Then, I will pay off my house. I will never touch my heloc if I don’t need it.

  • @sanobiahill1
    @sanobiahill1 Před měsícem

    Could I just do the same thing with my credit card?

  • @doublevillageman
    @doublevillageman Před měsícem

    Hi Do you use people good credit score to apply loan for investment property. Or recommend me who does.

  • @ty6390
    @ty6390 Před 9 měsíci +2

    Should i use a HELOC to fund a whole life insurance policy?

    • @iramcc409
      @iramcc409 Před 9 měsíci +1

      Interesting question. You should Jamel Gibbs's video on infinite banking. In it they discuss funding life insurance.

  • @tonysparks6356
    @tonysparks6356 Před 5 měsíci

    Great info. I need help 55years old free an clear property in bk. Would like to purchase another house what is the the best way. Thx

  • @awakeninvestment
    @awakeninvestment Před 6 měsíci

    Could a business bond be set in place in case homeowner gets sick or accident and be out of work several months?

  • @awakeninvestment
    @awakeninvestment Před 6 měsíci

    What about new homebuyers how could they buy utilizing HELOC?

  • @iramcc409
    @iramcc409 Před 9 měsíci

    This was a great video. I liked the way you both addressed the "naysayers" and popular questions.

    • @user-nc7wj2dp9q
      @user-nc7wj2dp9q Před 9 měsíci

      @iramcc409 - Thank you!! Usually the objections we get are simply from gaps in understanding or assumptions that are made about it that aren't true. We thought it would be helpful to name those things and fill in any gaps that may be there.
      -Anthony Rushing

  • @ceasarcarcus391
    @ceasarcarcus391 Před 5 měsíci +1

    I listened to this for 10 mins, started over then realized there was no good explanation to provide understanding in layman's terms. I had to go to Bing to ask ¹what is a HELOC and when is a good scenario in which to use it.

    • @revivecleaning399
      @revivecleaning399 Před 5 měsíci +1

      A good place to start is understanding velocity banking.

  • @zulya98
    @zulya98 Před 6 měsíci

    Why he even pretend to listen if he keep checking something on his side, what is it??? Total disrespect

    • @jamelgibbs
      @jamelgibbs  Před 6 měsíci +4

      It’s called taking notes. It’s shows that you’re paying attention when you’re writing stuff down. The opposite of disrespect.
      The guest is giving you the game, not the host. Pay attention to the guest, not what the host is doing.

    • @mikeb.3189
      @mikeb.3189 Před 6 měsíci +2

      @@jamelgibbs And ppl like them wonder why they never succeed, so narrow minded, looking for problems instead of seeking solutions 🤦🏽‍♂️