How to Turn Your Home Equity into Monthly Cash Flow

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Peter, what you teach is very true. I did this myself starting with 60K 10 years ago, and now selling for 1.9M. If I had people like you teaching me the right way my profit would have easily been doubled. Knowledge is everything.

Great video! Quick note: when cashing out you don’t take 75% of equity , you go to 75% of homes value on the cash out. In your example you had new loan amount of $600k on $700k value.

I've heard many people say take your home equity to buy properties, I been apart of an investment group awhile listening to their teaching and finally got enough equity to take out and after taking $80,000 out thinking my mentor will be helping me to purchase my first rental property ☹ No, I was then told I didn't have enough income, which I knew my income was extremely low because of not being able to work much because of my health, but they was teaching that you would count the income from the property plus your W-2 income.

Thank you Peter

I’m in that process now and for some reason the time is right as the interest rate is possibly going to go down. I have a property in Puerto Rico and doing a cash out refinance now with the goal to use the money to build a one bedroom in the back of the property to use as Airbnb, and even if it’s just a regular rental, my location and amenities will allow me to comman the amount of my mortgage or more

16:21 i couldn’t get the calculation for this number. I divided 0.07/12= 0.00583 and then did 700k and 300k and multiplied 0.00583 against those #s, multiplied that by 12 and didn’t get the 48k. goes to mortg calculator forgot the 30yrs term.

Peter, this video breaks down the process in a simple easy to understand manner which is the best I have experienced over the several years in Real Estate investing. Thank you for the information. You're Awesome!

Thank you Mr. Peter.

This is the video that made ocr tangible. Thank you so much

Heloc loan interest rates are 9-10 percent. The roi in most RE investments are around 10 percent if you're lucky. If the investment investment doesn't work out, you lose your house. If it works out, you break even. 😅

I think real estate benefits (especially with taxes) definitely outweigh those of stocks. This is tremendous knowledge!

16:24: why have taxes and insurance on the Apt building not deducted from the NOI?

Thank you

What if you dont have enough equity for the project you have in mind? Any strategies for that?

Hi Peter, in which market/area are you able to purchase a 1m 12-plex? That feels like a good deal!

Most credit unions give a high LTV, some as high as 95% for HELOC’s

That work great. But not in today’s market with crazy high prices and super high interest rates. Maybe next year when crash 😮😮😮😮

You left out insurance and repair costs….won’t make a cent. Also, what did the bank charge to borrow and closing costs.

I have a two family; lives in one and rent the other. How do I claim the rented unit as an investment or rental property