@thehenrywashington: Want to reinvest in a second property? Here’s how to access your equity! 🏡💰 First, figure out if you have equity: ✅ Get a comparative market analysis (CMA) from an agent ✅ Compare your home’s value to your loan balance ✅ The difference = your equity Now, how do you use it? You’ve got two main options: 1️⃣ Cash-Out Refinance – Refinance at a new, higher mortgage and take cash out. 💰 (Not my favorite since it increases your loan balance.) 2️⃣ Home Equity Line of Credit (HELOC) – Get a line of credit against your equity. You only pay interest on what you use, making it a flexible way to fund your next deal! 🔥 Smart investors use equity to scale. Need help finding or funding your next investment property?? Join my Road to the Closing Table Virtual Masterclass starting in just a few weeks! Dm or Comment the word ROAD to apply! See you at the closing table! 🫡 #fyp #realestate #realestateinvesting #finance #financial #financialfreedom
