Bonus: How a HELOC Can Help You Build Equity Faster and Stay Flexible
About this episode
This episode discusses how a HELOC can be a powerful tool for rental property investors to build equity and maintain financial flexibility.
On this bonus episode, we're joined by Caeli Ridge, President of Ridge Lending Group, to talk about one of the most powerful financing tools available to rental property investors: the HELOC. Caeli explains how investors can use a traditional HELOC to buy more rentals, why seasoning requirements matter, and how married couples should structure ownership to avoid underwriting headaches. She also shares the terms and conditions investors need to pay close attention to when getting a HELOC. We also take a deep dive into the All-In-One First Position HELOC, a unique loan product that combines a line of credit and a checking account into a single account. Caeli explains how it works, how it can dramatically reduce the amount of interest you pay over the life of the loan, and the simple strategy that helps investors build equity faster in their properties. Finally, we discuss one of the biggest advantages of using a HELOC: flexibility. Caeli explains why it's much easier to access equity through a line of credit than after paying down a traditional mortgage, when you have to do a cash-out refi or sell the property to access equity. We also discuss how borrowers can tap into funds…
People in this episode
Host: Dan Lane
Guest: Caeli Ridge
Topics covered
- HELOC
- rental property investment
- financing tools
- equity building
- flexibility in financing
Keywords
- HELOC
- rental properties
- financing
- equity
- investment opportunities
- interest reduction
- cash-out refinance
Mentioned in this episode
Organizations: Ridge Lending Group
More episodes of Rental Income Podcast With Dan Lane
- The Creative Ways He Finances Rentals Without 20% Down Payments With Spencer Dean (Ep 583)
- Why Monthly Cash Flow Is So Important With Jamie Dietz (Ep 582)
- His Rentals Pay All His Living Expenses With Augie Cortez (Ep 581)
- He's Paying Off A Few Rentals To Secure His Future With Chris Sherman (Ep 580)
- How He Went From Listening To This Podcast To Over $40,000 A Month With Chase Bauer (Ep 579)
- Using A HELOC and Private Lenders To Buy Rentals With Nick Disney (Ep 578)
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