How to Use Your Equity to Buy Another Home (Step-By-Step)

[@tomq12]

For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time

[@van5q21]

I'm new to cryptocurrency and i don't understand how it really works. How can someone know the right approach to investing and making good profit from cryptocurrency investments?

[@loriq238kx]

As a beginner, what do i need to do? how can i invest, on which platform If you know any please share.

[@tomq12]

I started working with devion back in February, and my financial goals have been clearer. It's like having a strategic partner for my money with a solid track record.

[@dyer-ie3pj]

She is really a good investment advisor. I was privileged to attend some of her seminars. That is how i started my crypto investment

[@oprahqz5jdq12]

I've seen different people talking about this alice devion she must be very amazing for people to talk this good about her.

[@johnchae]

you the man. great video.

[@justinlopatin]

thank you

[@corymartini4658]

Beautifully articulated

[@justinlopatin]

Thank you

[@MaryLawson874]

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

[@justinlopatin]

I know, it's like that across much of the Midwest - especially in the big cities. Construction has been lagging demand since the 2008 housing crisis and there's still a huge lag in supply unfortunately. Good for current homeowners, not good for those wanting to purchase.

[@stephenlepore4476]

I have 900k in equity. My income is low and i qualified for 100k heloc. Hardly enough to put down on an additional home. Whats the play?

[@rd94610]

Use part of the equity to acquire a profitable business with assets. Make sure the business has assets you can finance to pay yourself back in 60 days or so. Find a good commercial loan BROKER. Not your bank. Then, pay yourself enough to qualify for a loan on the new house. A proactive CPA or fractional CFO should help you avoid mistakes.

[@justinlopatin]

Traditional loans/mortgages are driven by income. That said, $100k is a decent chunk of cash towards a down payment. When you purchase an investment property, you get to use the rental income to help you qualify for the mortgage so that could be a strategy. A second idea is taking that $100k to a Financial Advisor and having them invest it wisely so it grows over time - and you continue adding to that investment. A third option is partnering with someone you trust and buying something together. You both contribute cash and income to the deal and qualify as joint buyers. Lastly, you do nothing - sometimes it's wise NOT to force the issue.

[@celina831]

great advice ❤

[@justinlopatin]

Thank you

[@Kiki-uz3yk]

Can I take a home equity loan to paid off my current mortgage ?

[@evilmeeko]

In theory. But the interest rate will be higher on the new loan. So that wouldn't make sense

[@justinlopatin]

If you have multiple properties, yes - you can take equity out of one home to pay off another mortgage on a different home. However, be aware of the rates and loan terms.

[@breddy1904]

Bonnie

[@justinlopatin]

Who?