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881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast

881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast

FromBiggerPockets Real Estate Podcast


881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast

FromBiggerPockets Real Estate Podcast

ratings:
Length:
44 minutes
Released:
Jan 29, 2024
Format:
Podcast episode

Description

Got home equity? Great, because today we’re showing you how to use home equity to invest in real estate, even if you’re low on cash. But maybe you’re still saving up to buy your first property. Well, we’ve got you covered; we’re also sharing the TOP ways to use your retirement accounts—your Roth IRA or 401(k)—to invest faster than ever before and even lock down your first property in 2024!

Joining the show is Kyle Mast, fellow real estate investor and CFP, to talk about all the ways you can invest in real estate that you didn’t even know about. And if you’re like many Americans, you’ve got home equity just sitting there, waiting to be used, so today, we’re walking through how to unlock it so you can build wealth faster, retire earlier, or renovate that rental you just bought!

Kyle goes over the multiple ways to finance these investments using a home equity line of credit (HELOC) or retirement accounts like Roth IRAs and 401(k)s, the special program new homebuyers can use to get their first house faster, and why you DON’T want to cash-out refinance your property just yet. Ready to start? Let’s get into it! 

In This Episode We Cover
How to use home equity or retirement accounts to invest in real estate 
Cash-out refinances vs. HELOCs and the EASY choice in today’s high-rate environment 
How to qualify for a HELOC and whether you can get one on your rental property 
The 401(k) loan where YOU act as the bank and what to watch for BEFORE you get one
The first-time homebuyer cheat code that lets you access retirement funds with NO penalty 
How to make COMPLETELY passive income by “lending” your home equity 
And So Much More!


Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-881
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Released:
Jan 29, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.