Unlocking the Wealth in Your Home | EP. 33

Did you know that the average homeowner is sitting on over $175K equity? That's right. So what can you do with it? Tapping into your home’s equity can be beneficial in many ways. Home equity is a way to build personal wealth over time, and you can access the cash needed to improve your financial situation or for whatever else you see fit. You can also use it to fund substantial expenses, and it's often a more cost-effective financing option than using credit cards or personal loans. But let's focus on using equity for wealth building. What can you do with your home equity? That's what Sam and Lucas are discussing in today's episode. So tune in and discover a couple of ways to use your house to get rich. “That $175K average, and obviously some people have more than this average, that can change people's lives. You can use that for so many things.”- Sam Primm  “If you're a real estate investor, I would use that money to fund your projects, whether it's your flips or building your rentals. That's exactly what I would do with it.”- Lucas Walls  In this Episode:-Why so much equity?-What is HELOC? What are its Pros and Cons?-What is Cash Out Refinance? What are its Pros and Cons?-Random Thought of the Day: What animal would win in a fight?And more!Resources:-Financing For Real Estate Investors, Simplified - https://www.fasterfreedomcapital.com/Connect with Sam and Lucas:- Website- Instagram- Facebook- LinkedIn- YouTube- TikTok