Have you ever wondered how to use the equity in your home to buy an investment property? We’ve all heard from one source or another that investing in real estate is the way to go. Fun quote: “90% of millionaires have invested in real estate”.
As a home owner who has a desire to start investing, what are your options? If you have owned your home for at least five years, you likely have enough equity in it to do something called a home equity line of credit. You can use that home equity line of credit to take out a loan and use it as a down payment on a rental property.