How to Use the Equity in Your Home or Business Today to Invest for Tomorrow
Most people leave money they could use to invest sitting in their house or commercial property in the form of equity. After you have purchased real estate and are making monthly payments, you are in the process of building equity. The opportunity to use the equity you have built up in your home is one of the benefits of homeownership. Most people will use this equity to draw out cash and purchase cars, boats, or other declining investments, but there are many other ways to use your equity....
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Most people leave money they could use to invest sitting in their house or commercial property in the form of equity. After you have purchased real estate and are making monthly payments, you are in the process of building equity. The opportunity to use the equity you have built up in your home is one of the benefits of homeownership. Most people will use this equity to draw out cash and purchase cars, boats, or other declining investments, but there are many other ways to use your equity. This brand new book will demonstrate how to use the equity in your home or business property for investment purposes. You will learn how to leverage your equity to start a business, invest in real estate, purchase stock portfolios, invest in high interest private mortgages, improve or renovate your current home, plan for retirement, buy another house, buy a rental property, save for education expenses, and many other lucrative investments. Equity in a home or business property, that is idly sitting there, does not make you money. Learn how to put it to use today. Use your equity to leverage and pursue your wealth building. This brand new, exhaustively researched book is the ultimate resource for novices and pros alike; it will guide you through every step of the process, with hundreds of innovative ideas that you can put into action right away. This book provides you with proven strategies and innovative ideas used by the experts everyday that you can easily do yourself.
Foreword 13\ Introduction 17\ How to Use the Book 19\ Chapter 1 Everything You Need to Know about Equity 23\ How Equity Builds 25\ How to Accelerate the Equity Build in Your Property 28\ Recent Changes in the Real Estate Market Affecting Equity 37\ Chapter 2 Residential vs. Commercial Property Equity: Is There a Difference? 45\ Differences in Residential and Commercial Financing 45\ Investment vs. Commercial Properties 52\ Chapter 3 Options for Tapping Your Equity 57\ Home Equity Line of Credit (HELOC) 59\ Home Equity Loan 60\ Cash-out Refinancing with Mortgages 63\ Determining the Financing Option Right for You 74\ Chapter 4 Determining the Equity in Your Property 79\ Residential Properties 81\ Commercial Properties 82\ Seasoning Requirement 83\ Chapter 5 You Have Tapped the Equity - Now What? 85\ Measure Your Success 88\ Measure Your Risk 90\ Investment Options 94\ Diversification 99\ Get Ready Get Set, Go 101\ Chapter 6 Start a Business 103\ Invest in Your Own Career 104\ Start-up Costs 107\ Buy a Franchise 113\ Buy an Existing Business 114\ Invest in Someone Else's Business 116\ How to Use Your Equity to Pay for Costs 118\ How Your Investment Pays Off 119\ Chapter 7 Invest in Real Estate 125\ It is All About the Cash Flow 126\ Using Equity Allows You to Leverage Your Money 129\ Sources of Cash Flow 131\ Finding Properties That Offer Cash Flow and Equity Build-up Benefits 140\ The Pros and Cons of Each Type of Property 143\ The Big Picture 159\ Buying a New Primary Residence 165\ Chapter 8 Private Mortgages 171\ How it Works 172\ Why Seller Financing or Private Mortgage Investment? 176\ How a Private Mortgage Investment Provides a Return 181\ Chapter 9 Home Improvements and Renovations 185\ Profiting from Home Improvements and Renovations 188\ Using Equity for Improvements and Renovations 193\ Chapter 10 Invest in Your Retirement 195\ How Much You Need 197\ Types of Plans 202\ Allocating Money in Your Retirement Account 211\ Chapter 11 Invest in Your Child's Future 219\ Estimating College Expenses 220\ Educational Fund Investment Options 223\ Chapter 12 Paying Off Bad Debt 229\ Debt Consolidation 230\ Chapter 13 Invest in You and Your Family 239\ Types of Insurance 240\ Annuities 244\ Universal Life Indexed Products 245\ Using Equity for Insurance Policies 247\ Chapter 14 The Other Investment Choices 249\ Bonds 250\ Stocks 253\ Mutual Funds 255\ Index Funds 257\ How to Invest in a Portfolio 258\ Conclusion 263\ Resources 265\ Glossary 267\ Bibliography 281\ Biography 283\ Index 285
