How to Use a HELOC to Become Your Own Bank

[@jamelgibbs]

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

[@iramcc409]

Another great video from Jamel and Anthony. Thanks guys!

[@grabthemappodcast]

A HELOC can help save a lot of money in interest, especially when compared to private money or hard money loans. Borrowing from a HELOC comes at a significantly lower cost-thousands of dollars saved in certain cases over short periods.

[@jesus_is_lord8303]

I'm 3/4 into this video and it is a God send! My question, is how does the appraisal work for the heloc to restore the property ( I've got 100% equity and repairs will be 40-50k) I plan on holding and renting it out to cash flow and use remaining and building equity for the next deal

[@jamelgibbs]

This is a great question for Anthony. Use the link I the description to set up an appt with Anthony to ask this question

[@tri3pleagent]

Learning as much as i can about this. I wish i could deploy the strategy now as financing is the biggest hurdle in my business.

[@jesus_is_lord8303]

I reached out to Anthony ,and North Carolina does not have 1st position helocs for investment properties

[@jamelgibbs]

I believe they are working on that

[@anthonywilliams8007]

Do you give paid consultations?

[@Chopping-it-up]

Hey Jamel would a bank do a heloc on a 50k house? Cause I can't do a cash out refi because its to cheap but would a heloc work.

[@jamelgibbs]

I would set set up an appt with Anthony to ask this question. Link in description.

[@Chopping-it-up]

@@jamelgibbs Thanks so much for your reply I really appreciate it.

[@MrKarlos401]

Can you still do this if you already have a heloc?

[@jamelgibbs]

Definitely use the link I the description to set up an appt with Anthony to ask this question

[@AlissaNobes]

❤️ From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@Everywomen31]

It’s like your being penalized for not having immediate access to your very own funds in however way you look at it. Wow!

[@johnnyhodges1211]

Question? My wife and I paid our home off cash for $300,000. We need someone that will help us but not lose our home by doing so. What do we do. We have little income coming in.

[@jamelgibbs]

Congrats on that. What are your goals?