You Could Have More Equity Than You Think! (How to Use It)
It’s the situation every real estate investor wants to be in: your house just appraised for more than you expected. Now, you’ve got some home equity added to your net worth, but how do you use it? Should you keep it in the property and maintain low leverage, or use home equity to scale your real estate portfolio more quickly? We’re answering common real estate questions like this one and a lot more in today’s show!
James Dainard joins the show as our veteran real estate investor, owning hundreds of rental units, flipping thousands of houses, and lending millions of dollars. He started as a rookie during the Great Financial Crisis, and today, he’s sharing his hard-earned lessons so you don’t have to make the same mistakes. We’re touching on:
What to do with your home equity when your house appraises high
How to estimate rehab costs on a renovation or house flip
Becoming a private money lender (serious passive income!)
Interior design 101, even if you have zero experience in home renovations
Whether we should finally kill the 1% rule in real estate (maybe it’s time)
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In This Episode We Cover
How to use home equity to invest (and whether you should with 7% mortgage rates)
Estimating renovation costs on your next rehab or house flip (for free!)
Interior design on a budget and how to build a “spec list” of what your house flip needs
Private money lending for beginners and how to (passively) make serious cash flow
The 1% rule explained and why it isn’t so safe in 2025
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1148
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