Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

58
Posts
17
Votes
Marc Roberson
  • Real Estate Agent
  • Wellington, CO
17
Votes |
58
Posts

Create equity in home vs work as an agent to create the income

Marc Roberson
  • Real Estate Agent
  • Wellington, CO
Posted

Question for BP... would you DIY finish your basement, costing $20k on 24 months no interest financing and adding roughly $50k to your homes equity, or spend those hundreds and hundreds of man hours instead building your real estate business with an end goal of being able to leverage $50-70k to put down on a multi fam property without having to go $15k in debt to create equity, but having no guarantee you'll make it as an agent. Method 1 is much more certain in creating equity to then use on a heloc and method 2 is going straight to work... thoughts. am brand new to the area. very little if any SOI.

Loading replies...